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The Kansas Budget: A Simple Overview

The Kansas Budget: A Simple Overview. Timid men prefer the calm of despotism to the tempestuous sea of liberty. -Thomas Jefferson . 1. Significant Points in the Budget Cycle . 2. Where does the money come from?. Total Revenue: $5,393.5. Total may not add due to rounding. 3.

JasminFlorian
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The Kansas Budget: A Simple Overview

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  1. The Kansas Budget:A Simple Overview Timid men prefer the calm of despotism to the tempestuous sea of liberty. -Thomas Jefferson 1

  2. Significant Points in the Budget Cycle 2

  3. Where does the money come from? Total Revenue: $5,393.5 Total may not add due to rounding 3

  4. Where does a dollar come from? FY 2010 Estimated State General Fund Individual Income Tax 48¢ Sales and Compensating Use Tax 36¢ Corporate & Financial Income Tax 5¢ Tobacco Taxes 2¢ Insurance Premium Tax 2¢ Severance Tax 2¢ Alcohol Taxes 1¢ Estate/Succession Tax 1¢ Other Taxes 3¢ Total Receipts $1.00 (Note: Property Tax is not included) 4

  5. Where does the money go? 5

  6. Where does the money go? FY05 FY06 FY07 FY08 FY09 Transportation $0 $0 $0 $16.1M $16.1M(roughly 0%) Public Safety $329.9M $370.4M $384.0M $415.4M $416.7M(roughly 7%) Ag & Natural $26.3M $27.6M $37.2M $36.8M $33.5M Resources(roughly 1%) General Gov’t. $181.1M $201.8M $222.6M $254.9M $265.1M(roughly 4%) Human Svcs. $1,098.1B $1,173.0B $1,139.8B $1,444.6B $1,358.5B(roughly 23%) Education $3.054.7B $3,366.7B $3,639.1B $3,934.0B $3,974.4B(roughly 65%)---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TOTAL SGF $4,690.1B$5,139.4B $5,607.7B $6,101.8B $6,064.4B(rounded)

  7. Where does the money go? Total Expenditures: $5,450.1 Total may not add due to rounding 7

  8. Where does a dollar go? FY 2010 Approved State General Fund Expenditures Department of Education 52¢ Board of Regents and Institutions 14¢ Other Education 1¢ Subtotal Education 67¢ Dept. of SRS (including Hospitals) 10¢ Health Policy Authority 7¢ Dept. of Corrections and Facilities 4¢ Dept. on Aging 3¢ Judicial, Board of Indigents’ Defense 2¢ Juvenile Justice Authority and Facilities 1¢ All Other 6¢ Total Receipts $1.00 8

  9. FY 2009 – FY 2010

  10. How do revenues and expenditures compare over time? 10

  11. How have the State General Fund revenue sources changed? 11

  12. How much is our state debt? 12

  13. How much do we owe? 13

  14. Where are we going? RECEIPTS Through January FY 2010 $39.1 Million below projection Through February FY 2010 $71 Million below projection = ~ $100 Million deficit for FY 2010= ~ $500 Million deficit for FY 2011 According to KS DOL & Labor Market Info Services…Since 2001, Local and State Government employment has trended upward (+10% or 21,016 positions created), while jobs have been lost in the private sector (-1% or 10,937 – through Q2 of 2009 only). More than $700M paid out in unemployment, with limited slowing, a depleated UI fund and an impending federal loan. And according to the KS DOR, FY 2009 Corporate income tax receipts fell drastically (-44.4%) below FY 2008 receipts.

  15. Where does the money go? Total Expenditures: $5,450.1 Total may not add due to rounding 15

  16. How is K-12 funding derived? The current school finance formula is built upon what is referred to as the BSAPP, or the BASE STATE AID PER PUPIL (currently $4012)

  17. PLUS Various Weightings - Low enrollment (districts with fewer than 1662 students) - High enrollment (more than 1662) - Bilingual Education - Declining Enrollment - Transportation - At Risk - Etc.

  18. Effect of BSAPP combined w/ WEIGHTINGS (e.g. Small, Medium and Large School District) 18

  19. With allotments, what has happened to education spending?

  20. A cumulative look at State Aid

  21. What has happened to expenditure per student?

  22. A cumulative look at per-pupil spending

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