State Coffers Remain Robust

By Beacon Staff

HELENA — Lawmakers are being told that state finances are in a bit better shape than originally predicted.

Analysts told the Legislative Finance Committee on Thursday that it has finalized its look at spending for the state’s budget year that ended in July.

They found that the state spent a little less than expected and tax collections were higher than expected.

In total, the state wrapped up the two-year budget period with a surplus of about $537 million. That is roughly $100 million more than lawmakers originally predicted.

Some of the extra surplus will be set aside into a new account lawmakers established to pay for future firefighting costs.

The rest will be used to buoy the surplus of the current budget period.

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