Montana Fiscal Statistics

StatisNostics/State Financials/Montana
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20122024
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State Revenue Analysis (Montana: 2012–2024)

Population: 1,005,163 → 1,122,867 (11.7% change)

Overall Revenue Trends

Total Revenue▲ 75.4%
$6,366,040,000 (2012)→$11,168,999,000 (2024)
Per Capita Revenue▲ 57.1%
$6,333 (2012)→$9,947 (2024)
Fund Balances▼ 100%
$7,823,707,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 5.8%

Major Tax Revenue

Property Tax▲ 87.1%
$257,189,000 (2012)→$481,087,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Education▲ 10450.0%
$10,000→$1,055,000
Federal Intergovernmental Air Transportation▲ 4600.5%
$199,000→$9,354,000
Regular Highway Charges▲ 3276.9%
$39,000→$1,317,000

Declining/Slowest Growing Sources

Federal Intergovernmental Employment Security Administration▼ 70.2%
$106,650,000→$31,770,000
Local Intergovernmental Public Welfare▼ 57.0%
$7,133,000→$3,065,000
Tobacco Sales Tax▼ 29.9%
$87,148,000→$61,115,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.8%
Estimated: $11,480,514,343
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax14.1%
Federal Intergovernmental Public Welfare12.6%
Federal Intergovernmental Highways8.2%
Federal Intergovernmental Health & Hospitals6.7%
Federal Intergovernmental Education5.0%
Interest Earnings4.8%
Severance Tax4.8%
Higher Education Tuition Charges4.7%
Property Tax4.0%
Motor Fuels Sales Tax3.3%
Unemployment - Contribution2.5%
Workers Compensation - Other Contributions2.4%
Federal Intergovernmental Other2.3%
Motor Vehicle License2.2%
Corporation Net Income Tax2.1%
Federal Intergovernmental Employment Security Administration1.7%
Occupation & Business License Not Elsewhere Classified1.6%
Tobacco Sales Tax1.4%
Higher Education Auxiliary Charges1.3%
Liquor Stores Revenue1.2%
Miscellaneous General Revenue Not Elsewhere Classified1.2%
Insurance Premium Tax1.1%
Royalties1.0%
Donations From Private Sources1.0%
Federal Intergovernmental Housing & Community Development0.9%
Amusement Tax0.8%
Workers Compensation - Interest Earnings0.8%
Public Utilities Tax0.8%
All Other Not Elsewhere Classified Charges0.7%
Federal Intergovernmental Other Natural Resources0.7%
Hunting & Fishing License0.7%
Other Selective Sales Taxes0.6%
Alcoholic Beverage Sales Tax0.5%
Net Lottery Revenue0.3%
Fines & Forfeits0.2%
Federal Intergovernmental Water Utilities0.2%
Natural Resources Not Elsewhere Classified Charges0.2%
Rents0.2%
Federal Intergovernmental Transit Utilities0.2%
Other License Tax0.2%
Motor Vehicle Operators License0.1%
Local Intergovernmental Public Welfare0.1%
Other In Trust - Other Contributions0.1%
Amusement License Tax0.1%
Taxes Not Elsewhere Classified0.1%
Unemployment - Interest Revenue0.1%
Corporation License Tax0.1%
Sale of Property0.0%
Federal Intergovernmental Sewerage0.0%
Alcoholic Beverage License Tax0.0%
Hospital Charges0.0%
Parks & Recreation Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Housing & Community Development Charges0.0%
Local Intergovernmental Transit Utilities0.0%
Federal Intergovernmental Air Transportation0.0%
Air Transportation Charges0.0%
Regular Highway Charges0.0%
Local Intergovernmental Other0.0%
Parimutuels Tax0.0%
Public Utility License Tax0.0%
Local Intergovernmental Education0.0%
Other In Trust - Interest Revenue0.0%
Death & Gift Tax0.0%

2024 Revenue Breakdown

Individual Income Tax20.1%
Federal Intergovernmental Public Welfare19.0%
Federal Intergovernmental Health & Hospitals7.1%
Federal Intergovernmental Highways6.4%
Federal Intergovernmental Education4.5%
Property Tax4.3%
Higher Education Tuition Charges3.8%
Corporation Net Income Tax2.8%
Federal Intergovernmental Other2.7%
Motor Fuels Sales Tax2.6%
Severance Tax2.2%
Interest Earnings2.0%
Motor Vehicle License1.9%
Occupation & Business License Not Elsewhere Classified1.8%
Other Selective Sales Taxes1.7%
Insurance Premium Tax1.6%
Unemployment - Contribution1.5%
Liquor Stores Revenue1.3%
Donations From Private Sources1.2%
Workers Compensation - Other Contributions1.2%
Higher Education Auxiliary Charges1.1%
Federal Intergovernmental Other Natural Resources0.9%
Hunting & Fishing License0.8%
Miscellaneous General Revenue Not Elsewhere Classified0.8%
Amusement Tax0.7%
Royalties0.7%
Federal Intergovernmental Housing & Community Development0.6%
Natural Resources Not Elsewhere Classified Charges0.6%
Tobacco Sales Tax0.5%
Workers Compensation - Interest Earnings0.5%
Alcoholic Beverage Sales Tax0.4%
All Other Not Elsewhere Classified Charges0.4%
Public Utilities Tax0.4%
Fines & Forfeits0.3%
Federal Intergovernmental Employment Security Administration0.3%
Net Lottery Revenue0.3%
Other License Tax0.1%
Unemployment - Interest Revenue0.1%
Taxes Not Elsewhere Classified0.1%
Federal Intergovernmental Sewerage0.1%
Motor Vehicle Operators License0.1%
Federal Intergovernmental Air Transportation0.1%
Alcoholic Beverage License Tax0.1%
Sale of Property0.0%
Amusement License Tax0.0%
Corporation License Tax0.0%
Housing & Community Development Charges0.0%
Local Intergovernmental Public Welfare0.0%
Hospital Charges0.0%
Parks & Recreation Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Regular Highway Charges0.0%
Local Intergovernmental Education0.0%
Local Intergovernmental Other0.0%
Air Transportation Charges0.0%
Public Utility License Tax0.0%

Key Insights

  1. 1Total revenue increased by 75.4% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Population changed by 11.7%, while per-capita revenue changed by 57.1%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Montana: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 156%
$2,538,909,000→$6,505,106,000
Per Capita Spending▲ 129%
$2,526→$5,793

Population Trends

Population Change▲ 11.7%
1,005,163 (2012)→1,122,867 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 31%
$60,900,000 (2012)→$79,486,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 18%
$346,707,000 (2012)→$407,473,000 (2024)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 94%
$148,442,000 (2012)→$288,672,000 (2024)
General Expenses▲ 27%
$131,740,000 (2012)→$167,846,000 (2024)

Montana Key Insights

  1. 1Per capita expenditures grew by 129%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Financial Administration was the fastest growing major expense category at 94% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 310%
$671,628,000 (2012)→$2,753,571,000 (2024)
Industrial Revenue Debt▼ 100%
$3,323,413,000 (2012)→$0 (2024)
Per Capita Debt▲ 267%
$668 (2012)→$2,452 (2024)

Population Trends

Population Change▲ 11.7%
1,005,163 (2012)→1,122,867 (2024)

Debt Management

Most Recent Year (2024)

Issued:$199,433,000
Retired:$208,247,000
Net Change:$-8,814,000

Debt Retirement Trend

$90,636,000 → $208,247,000▲ 130%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.