Medicaid Expansion and Financial Overview
SGF Outlook
State General Fund Outlook
(Dollars in Millions)
FY 2020
Actual
Beginning Balance
$ 1,105.1
$
FY 2021
Actual
495.0
FY 2022
Actual
FY 2023
Actual
$ 2.094.8
$ 1.834.6
FY 2024
Gov. Rec.
$ 2.410.4
FY 2025
Gov. Rec.
$ 2.798.2
Revenues
Taxes
7,049.1
56.1
8,908.6
7.8
9,758.1
2.8
58.3
64.8
89.7
10.180.2
200.5
116.6
10,169.0
380.0
95.9
9.780.1
310.0
97.9
Interest
Agency Earnings
Transfers
School Capital Improvement Aid
(203.4)
(195.0)
(200.7)
(196.6)
Highway Fund
231.8
133.7
66.9
Budget Stabilization Fund
(81.9)
(969.1)
(613.0)
PMIB Bridge Funding
(132.2)
(66.1)
(66.1)
KPERS
(853.7)
(271.1)
All Other Transfers
Total Revenues
(65.6)
13.8
107.8
(113.7)
(354.0)
(381.4)
$ 6,912.3
$ 8,867.7
Total Available
$ 8,017.4
$ 9.362.6
$ 7,935.8
$10,030.6
$ 9,302.8
$11.137.4
$10,290.9
$12,701.3
$ 9,806.6
$12.604.8
Expenditures
General Government
242.4
249.5
584.8
403.8
365.6
852.8
Judiciary
111.7
110.5
138.0
172.5
183.9
211.4
Human Services
748.9
683.9
711.0
977.7
1,419.5
1,152.4
Health Human Service Caseloads
1,107.4
994.4
1,134.7
1,217.4
1,465.9
1,511.8
K-12 Education
3.992.5
3.946.0
4,133.9
4.388.8
4.601.3
5.006.2
Higher Education
851.2
833.4
902.3
1,012.7
1,215.0
1,290.2
Public Safety
450.8
432.8
498.3
535.3
616.2
1,052.9
Agriculture & Natural Resources
17.6
17.5
92.9
19.0
35.7
29.3
State Employee Pay Plan
73.5
Total Expenditures
$ 7,522.5
$ 7,267.8
$ 8,195.9
$ 8,727.1
Ending Balance
$ 495.0
As Percentage of Expenditures
6.6%
$ 2,094.8
28.8%
$ 1,834.6
22.4%
$ 2,410.4
27.6%
$ 9,903.1
$ 2,798.2
28.3%
$11,180.5
Budget Stabilization Fund Balance
$
81.9
$
81.9
$ 969.2
$ 1,610.3
$ 1,685.7
$ 1,424.3
12.7%
$ 1,757.5
One-Time Expenditures/Adjustments
$ 1,048.5
$ 1.055.1
$ 1.379.5
$ 1.287.9
Totals may not add because of rounding.
Revenues for FY 2024 & FY 2025 Recommendations reflect the November 2023 Consensus Revenue Estimate as adjusted by the Governor.
Expenditures for the Recommendations reflect the November 2023 Human Services Consensus Caseload Estimate.
Capital Improvement Aid shifting from a revenue transfer to become a demand transfer in FY 2024, thus moving from revenues to expenditures.
Governor's FY25 base
spending adjustments
2.2% increase vs. FY24
approved base budget
After adjusting for one-time.
expenditures, budget is
structurally balanced
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