Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: January 2020  
Volume: Fiscal Year 2020  
The personal income tax had a posiꢀve variance of $35.6 million (4.5%) in December, parꢀally offseꢁng its large negaꢀve variance  
in November. For the year to date (YTD), this tax is $2.8 million (0.1%) under esꢀmate.  
On the other hand, the sales and use tax, the largest GRF tax, had a negaꢀve variance in December of $34.7 million (3.5%). This tax,  
however, maintains a posiꢀve YTD variance of $79.5 million (1.4%).  
YTD GRF taxes as a whole exceeded esꢀmate by $93.2 million (0.8%) for the first half of the fiscal year.  
Federal grants deposited into the GRF had a large posiꢀve variance in December of $283.7 million (27.9%), offseꢁng negaꢀve  
variances from the previous five months of the fiscal year and resulꢀng in a posiꢀve YTD variance of $10.3 million (0.2%).  
Federal grants in the GRF are reimbursements for the federal share of Medicaid expenditures made from the GRF, which were also  
above esꢀmate in December. GRF Medicaid expenditures were $32.2 million (2.0%) above esꢀmate in December, but conꢀnued to  
be under esꢀmate for the YTD with a negaꢀve YTD variance of $53.7 million (0.6%).  
In addiꢀon to Medicaid, all other program categories also had negaꢀve YTD variances for the first half of the fiscal year. Total  
program expenditures were below esꢀmate by $257.3 million (1.4%).  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
$1.8 million  
Federal grants  
Total GRF sources  
-
$283.7 million  
27.9%  
$284.9 million  
9.8%  
-
0.1%  
Program expenditures  
20.1 million  
Total GRF uses  
$
$20.1 million  
0.7%  
Month of December  
0
.7%  
GRF Medicaid  
32.2 million  
Non-GRF Medicaid  
All funds Medicaid  
$
$58.4 million  
6.6%  
$90.6 million  
3.6%  
2
.0%  
Tax revenue  
93.2 million  
Federal grants  
Total GRF sources  
$
$10.3 million  
0.2%  
$145.1 million  
0.8%  
0
.8%  
Program expenditures  
$257.3 million  
Total GRF uses  
-
-$264.5 million  
-1.4%  
YTD through December  
-
1.4%  
GRF Medicaid  
$53.7 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$98.1 million  
-1.7%  
-$151.8 million  
-1.1%  
-
0.6%