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Montana state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Montana had approximately $250 million in reserves in the 2009 budget.[1]
Budget background
- See also: Montana state budget and finances
Montana operates on a biennium budget. The biennium includes a 24-month period from July 1 of odd-numbered years to June 30 of odd-numbered years, such as the 2007-2009 biennium, which ran from July 1, 2007 to June 30, 2009. According to state law, the governor is required to submit a budget recommendation to the legislature. The state constitution gives sole authority to the legislature to appropriate state funds. The House and the Senate review the recommended budget, along with any requests made and additional revenue forecasts, beginning January of the next fiscal year.[2][3]
Budget figures
The following table provides a history of Montana's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $5.0[4] | $21.4[4] |
| 2001 | $5.3[4] | $22.5[4] |
| 2002 | $5.6[4] | $23.6[4] |
| 2003 | $5.9[4] | $25.5[4] |
| 2004 | $6.2[4] | $27.5[4] |
| 2005 | $6.4[4] | $30.0[4] |
| 2006 | $6.9[4] | $32.0[4] |
| 2007 | $7.5[4] | $34.3[4] |
| 2008 | $8.2[4] | $36.7[4] |
| 2009 | $8.8*[4] | $39.3*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
The state of the economy
- Montana was one of 16 states that were seeing a decline in home foreclosures, according to RealtyTrac's data in March 2009. Montana had a total of 141 foreclosure filings from December 2008 to January 2009. In total, RealtyTrac estimated that there had been a 67 percent decline in foreclosures as compared to January 2008.[5]
See also
Footnotes
- ↑ The Seattle Times, "House supports resolution to request stimulus funds for Montana," March 17,2009
- ↑ State of Montana, "TIMETABLE FOR 2011 BIENNIUM EXECUTIVE BUDGET AND 2009 BIENNIUM ACTIONS," January 15,2009
- ↑ Montana Legislature, "STATE OF MONTANA BUDGET PROCESS," December 7,2007
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "Montana State and Local spending," accessed March 24,2009
- ↑ Smart Money, "Bright spots on the foreclosure front?" March 13,2009
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