Gov. Gianforte Delivers on Promise – Signs Fiscally Conservative Budget
Delivering on his promise to hold the line on new state spending and provide Montanans with broad-based tax relief, Governor Greg Gianforte today signed into law a fiscally conservative, pro-jobs budget.
“This budget lays out the roadmap to our Montana comeback, and will help unlock our state’s full, outstanding potential,” Gov. Gianforte said. “After more than a decade of out-of-control spending in Helena, we’re committed to being better stewards of taxpayer money, and our responsible budget brings much-needed fiscal restraint to state government.”
First introduced by the governor on January 7, the budget cuts hardworking Montanans’ taxes by over $60 million per year, and cuts $145 million in spending.
The budget also fulfills many policy priorities outlined in the governor’s Montana Comeback Plan, including investing $1 million per year in trades education and $2.5 million per year in incentives to increase starting teacher pay.
Importantly, the budget makes a historic investment in combating the drug epidemic through the HEART Fund. The program invests $25 million per year, using marijuana tax revenues, a portion of the tobacco tax settlement, and a federal Medicaid match, in community substance abuse prevention and treatment programs.