Medicaid Expansion and Financial Overview
One-Time Expenditures
Utilize One-Time Revenues to Pay for One-Time Expenditures
~Using Current Surplus for These Expenditures Avoids Millions in Future Interest Costs~
$1.0bil of the current surplus is tied directly to one-time enhanced federal dollars for KanCare during pandemic
Quarter
Ending
Base
Enhanced
FMAP
FMAP
Title 21
Total
Savings
FY20
121.9
0.2
3.7
125.7
FY21
247.6
0.4
7.4
255.5
FY22
266.8
0.6
7.9
275.2
FY23
295.3
0.6
7.3
303.1
FY24
29.0
(0.0)
0.6
29.6
Total to Date
960.5
1.7
26.9
989.1
Governor is recommending using cash to pay for $1.3bil of one-time expenditures
.
Over $500.0mil for early debt retirement
Over $500.0mil to pay cash for long overdue capital projects
•
Nearly $200.0mil for post secondary education projects
•
Over $80.0mil in community investment projects (e.g. - housing, infrastructure, etc.)
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