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.

Estimates for the State General Fund (SGF) are developed using a consensus process that involves the Division of the Budget, Legislative Research Department, 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 16, 2010, and decreased the overall estimate for both fiscal years by a combined $130.2 million relative to the previous estimate made in November. The revised estimates incorporate the fiscal impact of all 2010 legislation previously signed into law by April 16 and changes in expectations since November about the overall severity of the recession. For FY 2010, the estimate was decreased by $46.4 million, or 0.9 percent, below the November estimate. ... The revised estimate for FY 2011 of $5.095 billion was decreased by $83.8 million, or 1.6 percent below the November estimate.

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.

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 2, 2010, and slightly increased the estimate for FY 2011 and developed the first estimate for FY 2012. For FY 2011, the estimate was increased by $17.9 million, or 0.3 percent, above the previous estimate (made in April and subsequently adjusted for legislation enacted during the veto session). The initial estimate for FY 2012 is $5.811 billion, which is $25.4 million, or 0.4 percent, above the newly revised FY 2011 figure.

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 2010 and FY 2011. These adjustments reflect the fiscal impact of legislation involving receipts to the SGF enacted during the 2010 Legislative Session subsequent to the Consensus Revenue Estimate made on April 16, 2010. The attached tables show changes by source and incorporate those changes into the overall estimates for FY 2010 and FY 2011. FY 2010 receipts were increased by $36.731 million relative to the April estimate, attributable to several changes in transfers enacted in the omnibus appropriations bill. FY 2011 receipts were increased by $672.529 million, with much of the difference attributable to a sales and use tax rate increase and numerous adjustments to transfers. An additional section has been added to this report discussing the implications for SGF receipts in FY 2012 relative to certain legislation enacted in 2010 and prior years.

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.