Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: October 2019  
Volume: Fiscal Year 2020  
The sales and use tax, the state’s largest GRF tax, came in $4.5 million (0.5%) below expectaꢀons in the month of September  
but maintained a posiꢀve year-to-date (YTD) variance ($30.9 million, 1.1%).  
The personal income tax had a posiꢀve variance of $33.1 million (3.7%) in September, pushing this tax’s YTD variance into  
posiꢀve territory. The personal income tax was $18.8 million (0.8%) above its YTD esꢀmate at the end of September.  
The commercial acꢀvity tax conꢀnued to post posiꢀve monthly variances for the third month of the fiscal year. This tax was  
above esꢀmates by $5.0 million (71.1%) in September and $33.6 million (9.2%) YTD.  
YTD GRF taxes as a whole exceeded esꢀmate by $71.4 million (1.3%) at the end of September, a posiꢀve variance which  
increased by $37.3 million from the end of August.  
YTD program expenditures were below esꢀmate by $68.2 million (0.7%), led by a negaꢀve variance in GRF Medicaid  
expenditures of $62.5 million (1.5%). Of all the program categories, only property tax reimbursements had a posiꢀve YTD  
variance ($108.9 million, 22.1%) at the end of September, which was due to ꢀming.  
GRF & Medicaid Variances Actual vs. Estimate  
Tax revenue  
37.3 million  
Federal grants  
Total GRF sources  
$
-$5.6 million  
-0.8%  
-$8.0 million  
-0.3%  
2
.0%  
Program expenditures  
23.8 million  
Total GRF uses  
$
$32.0 million  
1.0%  
Month of September  
0
.8%  
GRF Medicaid  
$14.6 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$31.6 million  
-2.2%  
-$46.2 million  
-1.8%  
-
1.3%  
Tax revenue  
71.4 million  
Federal grants  
Total GRF sources  
$
-$48.8 million  
-1.8%  
$45.8 million  
0.5%  
1
.3%  
Program expenditures  
$68.2 million  
Total GRF uses  
-
-$54.4 million  
-0.5%  
YTD through September  
-
0.7%  
GRF Medicaid  
$62.5 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$37.0 million  
-1.2%  
-$99.5 million  
-1.4%  
-
1.5%