Overview of Montana

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $4.91
• Budget Limit ($ Billions): $5.21
• Budget Limit Growth ($ Billions): 6.08%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: ($215.62)
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: ($862)
• Cumulative cost per person of budgeting more than pop+inf over the last decade: ($161.61)
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($646.43)

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $9.26
• Budget Limit ($ Billions): $9.82
• Budget Limit Growth ($ Billions): 6.08%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $242.81
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $971.23
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $1,423.41
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $5,693.63

Other Considerations

• Economic Freedom (2020) (Rank): 18 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $3,514 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 27 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $5,795 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 10.50% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 27 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 6.75% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 39 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 5 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 6.75% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 22 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 0% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 47 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.74% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 34 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 0 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 32 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $12,084 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 19 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 10.7 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 26 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 8.5 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 27 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 62.60% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 27 [Bureau of Labor Statistics]