1 / 16

The Kansas Budget

The Kansas Budget. The budget – a simple overview. Presented by: Representative Melvin Neufeld. Significant Points in the Budget Cycle . July 1 - First day of the state fiscal year October 1 - Statutory date Agency budgets are due to Division of Budget

spencer
Download Presentation

The Kansas Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Kansas Budget The budget – a simple overview. Presented by: Representative Melvin Neufeld

  2. Significant Points in the Budget Cycle • July 1 - First day of the state fiscal year • October 1 - Statutory date Agency budgets are due to Division of Budget • Mid January - State of the State Address • End of January - Fee Agencies Budget Committee meetings begin approximately two weeks after the State of the State Address • First of February - Non-Fee Agency Budget Committee meetings can begin approximately three weeks after the State of the State Address • Mid February - Budget Analysis books should be available approximately four weeks after the State of the State Address • March - Prepare to run Mega Appropriations bill • End of April - Prepare to run Omnibus Appropriations bill • June 30 - Last day of the state fiscal year

  3. Where does the money come from? Total Revenue: $5,356.1 Total may not add due to rounding Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  4. How have the sources changed? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  5. Who Gets Property Tax Dollars? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  6. Where does a dollar come from? FY 2007 Approved State General Fund • Individual Income Tax 46¢ • Sales and Compensating Use Tax 38¢ • Corporate & Financial Income Tax 6¢ • Tobacco Taxes 2¢ • Insurance Premium Tax 2¢ • Severance Tax 2¢ • Alcohol Taxes 1¢ • Estate/Succession Tax 1¢ • Other Taxes 2¢ Total Receipts $1.00 Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  7. Where does the money go? Total Expenditures: $5,516.4 Total may not add due to rounding Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  8. Where does a dollar go? FY 2007 Approved State General Fund Expenditures • Department of Education 51¢ • Board of Regents and Institutions 14¢ • Other Education 1¢ Subtotal Education 66¢ • Dept. of SRS (including Hospitals) 11¢ • Health Policy Authority 8¢ • Dept. of Corrections and Facilities 4¢ • Dept. on Aging 3¢ • Judicial, Board of Indigents’ Defense 2¢ • Juvenile Justice Authority and Facilities 1¢ • All Other 5¢ Total Expenditures $1.00 Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  9. What would five years of State General Fund expenditures for K-12 Education look like? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  10. Where does the money go? Total Expenditures: $11,891.3 Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html Total may not add due to rounding

  11. Where does a dollar go? FY 2007 Approved All Funds Expenditures • Department of Education 28¢ • Board of Regents and Institutions 17¢ Subtotal Education 45¢ • Dept. of SRS (including Hospitals) 12¢ • Health Policy Authority 12¢ • Dept. of Transportation 10¢ • Dept. on Aging 4¢ • Dept. of Labor 3¢ • Dept. of Corrections and Facilities 2¢ • Judicial, Legislative, and Elected Officials 2¢ • Juvenile Justice Authority and Facilities 1¢ • All Other 9¢ Total Expenditures $1.00 Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  12. Where do state employees work? Total FTE Positions: 40,514.6 Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  13. How Many Employees Work in State Government and School Districts? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html Includes approximately 80,600 people working in School Districts and 24,500 people working in State Government in FY 2006 excluding an estimated 14,000 in Regents Institutions

  14. State Debt - What we owe and what are we scheduled to pay? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html

  15. State Debt - What does a family of four owe and what are they scheduled to pay? Source: Legislative Research Department http://skyways.lib.ks.us/ksleg/KLRD/klrd.html Calculations for a family of four are based on per capita information

  16. State General Fund Profile(at the Request and Direction of Melvin Neufeld)

More Related