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Montana state revenue comes in $268 million above estimate

September 14, 2012 /

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The state general fund’s preliminary ending fund balance for the fiscal year that ended June 30 was $457.1 million – $268.2 million more than the 2011 Legislature had projected, the Legislature’s chief revenue forecaster said Thursday.

Lawmakers in 2011 had anticipated a general fund ending balance of $188.9 million in mid-2012.

Looking ahead, Terry Johnson, a principal legislative fiscal analyst, said that the projected ending fund balance, or surplus, as of June 30, 2013, is now at $412.5 million. That’s $262 million more than the Legislature forecast.

By CHARLES S. JOHNSON Missoulian State Bureau

Full Story: http://missoulian.com/news/local/state-revenue-comes-in-million-above-estimate/article_7c0fa7ec-fe17-11e1-b20a-001a4bcf887a.html