Governor Bullock: Montana’s Investment Earnings Near Historic Highs
Governor Bullock recently announced that Montana’s investment earnings were 17.17 percent in fiscal year 2014, near historic highs. The high rate of return and solid investment performance helps ensure that the state’s obligations in the public employee pension system will continue to be met, without increasing taxes on Montanans, or cutting services.
“The taxpayers of Montana are the winners with today’s announcement. At a time when other states are forced to raise taxes to fix their pension problems, Montana has fixed our public pensions without increasing taxes,” Bullock said. “We are continuing to improve our state’s financial picture through prudent investments of our cash holdings and investments.”
Montana was recently named the most fiscally prudent state in the nation according to a study in GOVERNING Magazine completed by JP Morgan.