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 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 the director of legislative research, is tasked with certifying 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 and must be submitted by the eighth calendar day of each regular legislative session, or the 21st day for newly elected governors. The bill also repeals the previous version of K.S.A. 75-3721, thereby updating the legal framework governing the state's budgetary process.

Statutes affected:
As introduced: 75-3721