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Lawmakers Review MSF Fee Proposal as Special Budget Session Kicks Off

Tuesday, November 14, 2017 | 478 | 0 | 0 min read

State lawmakers looking to address a projected $227 million budget deficit reviewed a proposal Monday to impose a management fee on certain assets owned by the Montana State Fund. Laurence Hubbard A joint hearing of the House Business and Labor and the Senate Business, Labor and Economic Affairs committees held its first hearing on Senate Bill 4, which would authorize a 3% “management fee” on the State Fund’s investment portfolio. The bill requested by Gov. Steve Bullock and sponsored by Sen. Edward Buttrey, D-Great Falls, is forecast to bring $29.7 million into the state...

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