Kansas
Public finance
The state budget is prepared by the Division of the Budget and is submitted by the governor to the legislature for approval. The fiscal year runs from 1 July to 30 June. Generally, according to state law, no Kansas governmental unit may issue revenue bonds to finance current activities—these must operate on a cash basis. Bonds may be issued for such capital improvements as roads and buildings.
In 2002/03, general fund revenues totaled $4.44 billion, accounting for 46.6% of all receipts by the state. General fund expenditures went to education (67.8%), human resources (19.7%), public safety (7.4%), general government (4.4%), and agriculture and natural resources (0.7%). Shortfalls in revenue in 2001/02 and 2002/03 led to cuts in programs serving young mothers, the poor and the elderly. The deficit in 2003 was reported at 5.8% of the state budget, and the projected deficit for 2003/04 was 15.7% of the budget.
The following table from the US Census Bureau contains information on revenues, expenditures, indebtedness, and cash/securities for 2001.
| ($000) | PERCENT | PER CAPITA | |
| Population (thousands, 2001) | 2,702 | (X) | (X) |
| Total Revenue | 8,713,237 | 100.00 | 3,224.74 |
| General revenue | 9,026,660 | 103.60 | 3,340.73 |
| Utility revenue | – | – | – |
| Liquor store revenue | – | – | – |
| Insurance trust revenue | –313,423 | –3.60 | –116.00 |
| Exhibit: Salaries and wages | 1,503,000 | 14.74 | 556.25 |
| Total expenditure | 10,196,910 | 100.00 | 3,773.84 |
| General expenditure | 9,405,968 | 92.24 | 3,481.11 |
| Education | 4,014,202 | 39.37 | 1,485.64 |
| Public welfare | 1,643,119 | 16.11 | 608.11 |
| Hospitals | 102,742 | 1.01 | 38.02 |
| Health | 469,867 | 4.61 | 173.90 |
| Highways | 1,228,570 | 12.05 | 454.69 |
| Police protection | 53,358 | 0.52 | 19.75 |
| Correction | 336,495 | 3.30 | 124.54 |
| Natural resources | 158,159 | 1.55 | 58.53 |
| Parks and recreation | 4,848 | 0.05 | 1.79 |
| Government administration | 630,540 | 6.18 | 233.36 |
| Interest on general debt | 119,934 | 1.18 | 44.39 |
| Other and unallocable | 644,134 | 6.32 | 238.39 |
| Utility expenditure | – | – | – |
| Liquor store expenditure | – | – | – |
| Insurance trust expenditure | 790,942 | 7.76 | 292.72 |
| Debt at end of fiscal year | 2,183,859 | 100.00 | 808.24 |
| Cash and security holdings | 12,416,169 | 100.00 | 4,595.18 |