This bill establishes a framework for controlling state general fund expenditures and transfers starting in fiscal year 2027. It stipulates that the maximum amount of such expenditures and transfers authorized by the legislature during regular sessions cannot exceed the previous fiscal year's total, adjusted for the consumer price index and population changes. The state treasurer, in consultation with the director of the budget and legislative research, will certify this maximum amount annually by September 1. Additionally, if the calculated multiplier results in a negative number, the authorized amount for the ensuing fiscal year will remain the same as the previous year.

The bill also amends K.S.A. 75-3721, requiring the governor to submit a budget report to the legislature that aligns with the newly established expenditure limits. The budget report must include a detailed budget plan and legislative measures that do not exceed the certified maximum amount. Furthermore, it mandates the compilation of specific budget documents, including a children's budget and a homeland security budget, to ensure transparency and accountability in state budgeting. The previous version of K.S.A. 75-3721 is repealed, and the act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 75-3721