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Dayron Elias 2020-2022 EXECUTIVE BUDGET Andy Beshear GOVERNOR John Hicks STATE BUDGET DIRECTOR Budget in Brief PREFACE The Executive Branch budget for the 2020-2022 biennium is the financial plan for Kentucky State Government as proposed by the Governor for consideration by the 2020 General Assembly. It is published by the Office of State Budget Director, Governor’s Office for Policy and Management in accordance with KRS Chapter 48. The 2020-2022 Budget is presented in four volumes: Volume I: State Agency Program Budget Detail Volume II: Capital Projects Budget in Brief: Executive Summary Budget Summary Reports Revenue Estimates Capital Financing Historical Data: Actual Agency Revenue and Expenditure Data for the past two Fiscal Years These documents provide the detail to support the budget in legislative form as presented in the budget bill. The Cost of printing was paid for from state funds pursuant to KRS 57.375. i TABLE OF CONTENTS PAGE General Fund Summary ................................................................................................................................ 1 Executive Budget Revenue Proposal ............................................................................................................ 2 Road Fund Summary .................................................................................................................................... 4 Education First Budget -Executive Summary................................................................................................ 5 General Fund Revenue Receipts Chart...................................................................................................... 17 General Fund Expenditures Chart .............................................................................................................. 18 Distribution of General Fund Appropriations ............................................................................................... 19 Distribution of All Funds Appropriations ...................................................................................................... 20 Budget Fiscal Detail – By Cabinet ............................................................................................................... 21 Revenue Estimates Fiscal Years 2020-2022 .............................................................................................. 48 Capital Financing Analysis .......................................................................................................................... 84 Acknowledgements ................................................................................................................................... 107 Revised Recommended Recommended FY 2020 FY 2021 FY 2022 RESOURCES Beginning Balance 103,057,400 85,182,200 Official Revenue Estimate 11,576,200,000 11,722,200,000 11,929,300,000 Revenue Proposal 73,070,000 74,620,000 Other Resources 13,784,700 14,225,000 49,825,000 Fund Transfers 315,851,900 153,199,100 134,960,200 RESOURCES 11,905,836,600 12,065,751,500 12,273,887,400 Continued Appropriations Reserve Budget Reserve Trust Fund 129,077,800 306,090,800 316,090,800 Executive Branch 73,813,300 Legislative Branch 13,971,500 13,971,500 13,971,500 Judicial Branch 5,979,400 Continued Appropriations Reserve 222,842,000 320,062,300 330,062,300 TOTAL RESOURCES 12,128,678,600 12,385,813,800 12,603,949,700 APPROPRIATIONS Executive Branch Appropriations-Operating 11,169,683,700 11,529,040,900 11,825,999,400 Current Year Appropriations 45,449,300 Dedicated Revenue Adjustments 15,662,000 Lapses (53,800,000) (17,900,200) (17,117,200) Total Executive Branch 11,176,995,000 11,511,140,700 11,808,882,200 Judicial Branch Appropriations 388,377,700 398,133,400 403,736,900 Lapses (7,500,000) (7,500,000) (7,500,000) Total Judicial Branch 380,877,700 390,633,400 396,236,900 Legislative Branch Appropriations 70,162,500 71,064,200 71,037,300 Lapses (2,269,000) (2,269,000) (2,269,000) Total Legislative Branch 67,893,500 68,795,200 68,768,300 TOTAL APPROPRIATIONS 11,625,766,200 11,970,569,300 12,273,887,400 BALANCE 502,912,400 415,244,500 330,062,300 Continued Appropriations Reserve Budget Reserve Trust Fund 129,077,800 306,090,800 316,090,800 Appropriations to Budget Reserve Trust Fund 177,013,000 10,000,000 0 Subtotal-Budget Reserve Trust Fund 306,090,800 316,090,800 316,090,800 Executive Branch 73,813,300 Legislative Branch 13,971,500 13,971,500 13,971,500 Judicial Branch 5,979,400 Continued Appropriations Reserve 399,855,000 330,062,300 330,062,300 ENDING BALANCE 103,057,400 85,182,200 0 2020-22 BUDGET OF THE COMMONWEALTH GENERAL FUND SUMMARY 1 2020-2022 EXECUTIVE BUDGET Revenue Proposal Tobacco and E-cigarettes/Vaping Cigarettes Raise the tax on cigarettes by