State Has Enough Fire & General Funding for Fire Season
Despite economic setbacks imposed because of COVID-19 concerns, Montana has remained financially resilient, with adequate reserves to meet this year’s fire season, according to Governor Steve Bullock.
State Government ended the fiscal year under budget which allowed the transfer of $46. million to the fire fund. This puts the fire fund at its statutory maximum of $101.5 million, or 4% of fiscal year 2021 appropriations, for the first time in history, enough to cover nearly five average years of state wildfire suppression costs, said the Governor.
Additionally, the Budget Stabilization Reserve remains at its statutory maximum, which is $114.2 million or 4.5% of fiscal year appropriations. This represents the second year in a row that the Budget Stabilization Reserve has been funded to its statutory cap and it is available to sustain the budget should revenue collections or expenditures vary from projections.
The balances of the general fund, the fire fund, and the Budget Stabilization Reserve total $620 million as the 2021 fiscal year begins.