Governor Brian Schweitzer announced today that the State of Montana has ended the last fiscal year with a more than 453 million dollar ending balance, the second highest fund balance in state history.

Schweitzer took the time to discuss the surplus with KGVO News. In the following interview, Schweitzer explains what he believes his administration has done to garner the fund balance and discusses a variety of related topics including unfunded liabilities, taxes, and income generated by the energy sector.

Schweitzer says that the surplus is “A testament to the hard-working people across the state that, despite the national downturn, have tightened their belts, buckled down and put Montana in a great position for generations to come.”