Forecasts predict strengthening Montana economy, revenues

Forecasts released this week predict a strengthening economy and a modest revenue boost for Montana over the next two years, though a legislative leader says the recent declines amid a downturn in oil and coal production will take their toll on the next state budget.

The separate revenue estimates by Gov. Steve Bullock’s budget office and the Legislative Fiscal Division forecast the state’s general fund growing as wages increase, oil prices rebound and interest rates rise. Gov. Steve Bullock’s estimate predicts general fund revenue will rise from $2.1 billion last summer to $2.45 billion in 2019, which is about the same as the Legislature’s outlook.

By MATT VOLZ Associated Press

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