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Articles written by Rep. Terry Moore & Sen. Tom Mcgillvray

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  • Op-Ed: The Legislature Must Address Montana Pension Debt

    Rep. Terry Moore and Sen. Tom McGillvray|Updated Apr 25, 2023

    You may believe that Montana is debt free following actions by the legislature earlier this year to pay off state debt. It is great that we passed legislation to pay off over $100 million of state bonded debt, but there is another debt obligation rarely discussed but costing us dearly. Unfortunately, Montana has accumulated over $4.8 billion in pension debt over the past twenty years (in 2003 our pensions were fully funded with no debt). This debt is equivalent to over $4,300...