Medicaid Expansion and Financial Overview

Additional Tax Relief Restore the LAVTRF Transfer ~Reinstatement of Transfer That Has Been Suspended for 20 Years~ • • Restore the LAVTRF transfer, beginning in FY25 $54.0mil revenue transfer to the counties Defrays property tax burden at local level KSA 79-2959 outlines the transfer mechanism • State has suspended this transfer since FY03 • • Recommendation will set the transfer amount equal to $54.0mil each year Will maintain distribution formula of 65% based on population and 35% based on valuations 12

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