The bill establishes a new framework for controlling state general fund expenditures and transfers starting in fiscal year 2027. It stipulates that the maximum amount of these expenditures and transfers authorized by the legislature during regular sessions cannot exceed the previous fiscal year's total, adjusted by the consumer price index for urban consumers in the Midwest and any percentage change in population. The state treasurer, in consultation with the director of the budget and the director of 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.

Furthermore, the bill amends K.S.A. 75-3721 to require the governor to submit a budget report that aligns with the newly established expenditure limits. The budget report must include a detailed budget plan that does not exceed the certified maximum amount of expenditures and transfers from the state general fund. The bill also repeals the previous version of K.S.A. 75-3721, indicating a significant shift in how budgetary constraints are managed within the state. Overall, the legislation aims to create a more structured and predictable budgeting process for the state of Kansas.

Statutes affected:
As introduced: 75-3721