Governor Steve Bullock today announced that Moody’s has affirmed Montana’s positive credit outlook, commending efforts by the executive to balance the state’s budget through bipartisan solutions.
“I am pleased that Montana continues to maintain our fiscal strength. It’s good for our economy, for doing business in Montana, and for all Montanans,” said Governor Bullock. “Next legislative session, I look forward to using that strength to continue investments in critical health, education, and public safety.”
A report recently released by Moody’s details that necessary steps were taken to address revenue shortfalls and balance the state’s budget through a mixture of revenue generating proposals and cuts. Efforts to act quickly to fix the budget shortfall were given a credit strength.
Governor Bullock called Montana lawmakers back for a special legislative session in November 2017 to shore up the state’s budget shortfall caused by less than anticipated revenues and a costly fire season.
Moody’s affirmed the State of Montana’s ‘Aa1’ rating, attributing the positive outlook to, “the state’s proactive fiscal management and continued maintenance of strong liquidity levels” and confidence that “Montana’s financial position will improve in the next year.”
The report also highlights that Montana will continue to have one of the lowest debt burdens in the nation.
Read the full report here: http://governor.mt.gov/Portals/16/Montana%20Credit%20Opinion%2003-19-2018.pdf?ver=2018-03-22-094331-767