Post by Logan on May 11, 2016 9:38:16 GMT -6
HELENA — Revenue flowing into Montana's coffers has slowed during the past three months, prompting concern from the Capitol to city halls across the state.
Montana's general fund is nearly 4 percent behind projections, with oil and gas tax receipts down by more than half. The slowdown amounts to more than $67 million the government had counted on. What's more, fluctuating prices at gas pumps are translating to budgetary uncertainty.
State Budget Director Dan Villa said he wasn't overly alarmed by the shortfalls. Enough money remains in reserves to cover fluctuations in revenue, he said.
"If we have a shortfall, we manage it. That's what we do," Villa said.
Read more: billingsgazette.com/news/government-and-politics/dip-in-state-revenue-prompts-concern-among-montana-officials/article_f823eb4d-22dc-5171-8703-251248f92835.html
Montana's general fund is nearly 4 percent behind projections, with oil and gas tax receipts down by more than half. The slowdown amounts to more than $67 million the government had counted on. What's more, fluctuating prices at gas pumps are translating to budgetary uncertainty.
State Budget Director Dan Villa said he wasn't overly alarmed by the shortfalls. Enough money remains in reserves to cover fluctuations in revenue, he said.
"If we have a shortfall, we manage it. That's what we do," Villa said.
Read more: billingsgazette.com/news/government-and-politics/dip-in-state-revenue-prompts-concern-among-montana-officials/article_f823eb4d-22dc-5171-8703-251248f92835.html