Spending Growth and Volatile Revenue Trouble in the Treasure State
Montana’s fiscal well-being suffers from two problematic trends: a highly volatile tax structure and a propensity to increase spending. These trends are largely to blame for the projected $227 million shortfall…
State of the State: Montana
With unemployment almost as low as it has ever been in Montana at 4 percent and household incomes on the rise, Governor Bullock should consider allowing this growth in income to drive increases in the state’s revenue instead of increasing the tax burden on Montanans. Given that there are “over 6,500 listed job openings” throughout the state that businesses are struggling to fill, Montana’s employers cannot afford tax hikes.