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Diverse economy will help Montana weather downturns in agriculture and energy, Gov. Steve Bullock says

Gov. Steve Bullock http://governor.mt.gov/ says Montana’s diversified economy will help the state weather difficult times for agriculture and energy. Both economic sectors have been suffering from low commodity prices.

Speaking to the Downtown Rotary in Billings on Monday, Bullock said he doesn’t envy the challenges facing Wyoming Gov. Matt Mead and North Dakota Gov. Jack Dalrymple.

Both neighboring states have seen state tax revenues plunge in the wake of steep declines in prices for oil, gas and coal. Taxes on resources account for about 70 percent of the money that goes into Wyoming’s general fund, Bullock said. Likewise, North Dakota’s Dalrymple is facing significant budget cuts as the state’s oil production has declined.

TOM HOWARD For the Independent Record

Full Story: http://helenair.com/news/politics/state/diverse-economy-will-help-state-weather-downturns-in-agriculture-and/article_677c0254-a2dd-546b-951b-94ed69cb38e0.html

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