Kentucky Revised Statutes Title VI. Financial Administration § 48.120.Preliminary and official revenue estimates to be provided by Office of State Budget Director; appropriations to be based on official revenue estimates

(1) By August 15 of each odd-numbered year, the Office of State Budget Director, in conjunction with the consensus forecasting group, shall provide to each branch of government a budget planning report. The budget planning report shall include:

(2) By December 20 of each odd-numbered year, the Office of State Budget Director shall certify and present to the Legislative Research Commission the official revenue estimates made by the consensus forecasting group for the general fund and road fund for the current and next two (2) fiscal years.

(3) Appropriations made in the branch budget bills enacted for each branch of government shall be based upon the official revenue estimates presented to the Legislative Research Commission by the Office of State Budget Director under subsection (3) of this section, as modified by the General Assembly.

(4) The enacted estimates shall become the official revenue estimates of the Commonwealth upon the branch budget bills becoming law, and shall remain the official revenue estimates of the Commonwealth until revised by the consensus forecasting group as provided in KRS 48.115.