Bill > HJ2

This joint resolution establishes the official state general fund revenue estimates for fiscal years 2025, 2026, and 2027 at $3,266,437,000, $3,531,512,000, and $3,567,268,000 respectively. The resolution, prepared by the Revenue Interim Committee, accepts a preliminary unassigned fiscal year 2024 general fund balance of $1,028,009,187 and requires the Governor's Office of Budget and Program Planning to use these revenue estimates as the official projections. The estimates are based on the continuation of existing Montana and federal laws as of January 1, 2025, and include detailed assumptions for various revenue sources such as individual income tax, corporate income tax, vehicle taxes, and other business and consumption taxes. The resolution is part of Montana's constitutional requirement to ensure that legislative appropriations do not exceed anticipated state revenue, and it provides a comprehensive analysis of the state's expected revenue condition for the upcoming biennium, drawing on input from the Legislative Fiscal Analyst and executive branch agencies.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/20251/LC1977