Forty years ago this Friday, President Carter signed into law the landmark 1977 Food Stamp Act, setting the framework for the modern Food Stamp Program – or, as it’s now known, the Supplemental Nutrition Assistance Program (SNAP). As Congress continues efforts to pass a federal budget, we anticipate large cuts primarily to programs that serve low- […]
This session, the Montana legislature is considering legislation to create a state earned income credit – the Working Families Credit – to provide assistance for low- and moderate-income working families, modeled after the successful federal Earned Income Tax Credit (EITC). Doing so could help boost incomes for thousands Montana working families.
This week, the Legislative Fiscal Division (LFD) released the first general fund status sheet for the 2017 legislative session. The status sheet provides a glimpse at where we stand with revenue, projected spending, and the resulting ending fund balance, factoring in actions taken so far by the legislature. Right now, we sit roughly $140 million below the goal of a $300 million ending fund balance.
It can be hard to imagine that thousands of our neighbors struggle with hunger, yet that is the reality for the nearly 140,000 Montanans living in food insecure households. Seniors, families with children, veterans, and even working Montanans aren’t always able to put food on the table, impacting the health, productivity, and academic success of our families and communities.
Our nation’s most important tool to combat hunger is the Supplemental Nutrition Assistance Program (SNAP).
This Wednesday, the Montana legislature will have a hearing on a bill that could help brighten the prospects of working Montana families. The bill is HB 391, a proposal to create a state Earned Income Tax Credit (EITC). So let’s first figure out what exactly the EITC is, and how it helps working Montanans.
The federal Earned Income Tax Credit was first created in 1975, as a bipartisan means of reducing poverty and creating jobs.
This week, MBPC released a new report providing an overview of early actions so far on the state budget, and the damaging cuts that have already been proposed. In the first couple weeks of the session, Legislators took early steps to make significant cuts to the state budget, representing more than $449 million in total funds.
Have you ever wondered how you can learn more about how Montana families are faring and what types of solutions are available to support them?
Think of today’s blog as part two from yesterday. After learning about TDI, you may have the question – what does this mean for paid family leave? And you may also be wondering how exactly states like California, New Jersey, and Rhode Island have been able to implement these programs.
Today is what many people refer to as Tax Day, and not always with a smile on their faces.
T-minus 2 days until Tax Day…Hooray! Why are we so excited about tax day you ask? Because it is through our taxes that we collectively invest in things like roads, public safety, schools, and so much more. Our taxes make our state a better place to live and raise a family, and that is something to celebrate. Over the next several days we’ll explore taxes in Montana.