Print Page | Sign In | Register
The Advocate
Blog Home All Blogs
The KBA Advocate is the weekly KBA legislative newsletter that contains up-to-date information on legislation that impacts your practice. It is only published when the legislature is in session and is sent to all KBA members electronically via the KBA Weekly.


Search all posts for:   


Top tags: Author: Joseph N. Molina III  2019 Session  2019-20  COVID-19  legislature  budget  2020 Legislative Session  election  Kansas Supreme Court  Brownback  Supreme Court  Court of Appeals  Judicial Branch  Medicaid expansion  school finance  Special Session  abortion  Emergency Management Act  Fall Legislative Conference  Gannon  Hard 50  merit selection  Sine Die  2016 Session  2017 session  2017-18  Alleyne  First Adjournment  judicial branch budget  judicial selection 

COVID-19 Financial Impact

Posted By Joseph N. Molina III, Tuesday, April 21, 2020
Click image for full size

Yesterday, the Consensus Revenue Estimating Group released its April estimates for state general funds through FY 2021. The numbers are sobering in their decline. Estimators believe revenue will decline by nearly $1.25 BILLION over the next 14 months. The State will lose almost $90 million per month over this stretch. The effects will not be immediate, as projections have the State ending this fiscal year (June 30) with a smidge over $200 million. The cliff comes in FY2021 when the State loses $650 million and ends with a budget hole of eight percent. The big losers are obvious to point out, but income tax will be down almost $300 million in FY21. Sales tax also takes a big hit, projecting $110 million in the red. You can review the entire report here:


See also;

Gov. Kelly has already stated she plans to freeze hiring and eliminate discretionary spending. Legislative leaders will convene by video conference this week to discuss options to move forward. Leadership is calling for a plan to reopen the state economy. Gov. Kelly is working on one, but she stated there needs to be more testing to avoid possible re-closure should the virus spike again.

 Attached Thumbnails:

Tags:  April 2020 estimates  Author: Joseph N. Molina III  Consensus Revenue Estimating Group  COVID-19 

Share |
PermalinkComments (0)