Estimates for the State General Fund (SGF) are developed using a consensus process that involves the Legislative Research Department, Division of the Budget, Department of Revenue, and three consulting economists from state universities. This estimate is the base from which the Governor and the Legislature build the annual budget. The Consensus Group met on November 4, 2008, and decreased the estimate for FY 2009 and developed the first estimate for FY 2010. For FY 2009, the estimate was decreased by $211.4 million, or 3.5 percent, below the previous estimate (made in April and subsequently adjusted for legislation enacted during the veto session). The revised estimate of $5.781 billion represents 1.5 percent growth above final FY 2008 receipts. The initial estimate for FY 2010 is $5.782 billion, which is virtually unchanged from the newly revised FY 2009 figure.

Estimates for revenues to the State General Fund (SGF) are developed using a consensus process that involves the Legislative Research Department, Division of the Budget, Department of Revenue, and three consulting economists from state universities. This estimate is the base from which the Governor and the Legislature build the annual budget. The Consensus Group met on April 17, 2009, and decreased the overall estimate for both fiscal years by a combined $516.9 million relative to the previous estimate made in November. The revised FY 2009 estimate is $5.666 billion, and the revised FY 2010 estimate is $5.381 billion. The revised estimates incorporate the fiscal impact of all 2009 legislation previously signed into law by April 17; significant adjustments relative to the impact of new federal legislation; a downward revision in projected FY 2010 SGF interest earnings; and changes in expectations since November about the overall severity of the current recession. When looking only at tax receipts, the downward adjustment for the two years is $744.2 million, the largest downward revision in the history of the Consensus Revenue Estimating Group. For FY 2009, the estimate was decreased by $115.3 million, or 2.0 percent, below the November estimate. ... The revised estimate for FY 2010 of $5.381 billion was decreased by $401.6 million, or 6.9 percent below the November estimate.

Estimates for the State General Fund (SGF) are developed using a consensus process that involves the Legislative Research Department, Division of the Budget, Department of Revenue, and three consulting economists from state universities. This estimate is the base from which the Governor and the Legislature build the annual budget. The Consensus Group met on November 5, 2009, and decreased the estimate for FY 2010 and developed the first estimate for FY 2011. For FY 2010, the estimate was decreased by $235.2 million, or 4.2 percent, below the previous estimate (made in April and subsequently adjusted for legislation enacted during the veto session). The revised estimate of $5.301 billion represents 5.2 percent decrease below final FY 2009 receipts. The initial estimate for FY 2011 is $5.179 billion, which is $122.2 million, or 2.3 percent, below the newly revised FY 2010 figure.

The Consensus Estimating Group met today to revise the revenue estimates for FY 2010 and to make its first SGF estimates for FY 2011. A detailed memo will be available next week which contains the economic forecast for Kansas upon which the estimates are based, as well as a discussion of other factors influencing the individual source estimates. For FY 2010, the estimate was decreased by $235.2 million, or 4.2 percent, below the previous estimate. The revised estimate of $5.301 billion represents a 5.1 percent decrease below final FY 2009 receipts.

Pursuant to KSA 75-6701, the Legislative Research Department and Division of the Budget have adjusted the most recent estimates of State General Fund (SGF) receipts for FY 2009 and FY 2010. These adjustments reflect the fiscal impact of legislation involving receipts to the SGF enacted during the 2009 Legislative Session subsequent to the Consensus Revenue Estimate made on April 17, 2009. The attached tables show changes by source and incorporate those changes into the overall estimates for FY 2009 and FY 2010. FY 2009 receipts were increased by $43.862 million relative to the April estimate, attributable to several changes in transfers enacted in the omnibus bill. FY 2010 receipts were increased by $155.103 million, with much of the difference attributable to various tax law changes and additional adjustments to transfers. An additional section has been added to this report discussing the implications for SGF receipts in FY 2011 and subsequent years relative to certain legislation enacted in 2009 and prior years.