Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: February 2020  
Volume: Fiscal Year 2020  
Aftr a sꢀrong Dtctmbtr, ꢀht ptrsonal incomt ꢀax ꢁtll btlow tsꢂmaꢀt ꢁor ꢀht monꢀh oꢁ January by $16.4 million (1.6%), rtsulꢂng in a ntgaꢂvt  
ytar-ꢀo-daꢀt (YTD) varianct oꢁ $19.2 million (0.4%).  
On ꢀht oꢀhtr hand, ꢀht salts and ust ꢀax, ꢀht largtsꢀ GRF ꢀax, had a posiꢂvt varianct in January oꢁ $31.2 million (3.1%), incrtasing iꢀs posiꢂvt  
YTD varianct ꢀo $110.6 million (1.7%). Tht commtrcial acꢂviꢀy ꢀax also had posiꢂvt variancts ꢁor ꢀht monꢀh and YTD oꢁ $11.0 million (15.1%)  
and $33.7 million (3.9%), rtsptcꢂvtly.  
GRF ꢀaxts as a wholt txcttdtd tsꢂmaꢀt by $44.7 million (2.0%) ꢁor January and by $138.0 million (1.0%) YTD.  
Ftdtral granꢀs dtposiꢀtd inꢀo ꢀht GRF had a posiꢂvt varianct in January oꢁ $84.0 million (9.9%) and a posiꢂvt YTD varianct oꢁ $94.3 million  
(1.5%).  
Ftdtral granꢀs in ꢀht GRF art rtimburstmtnꢀs ꢁor ꢀht ꢁtdtral shart oꢁ Mtdicaid txptndiꢀurts madt ꢁrom ꢀht GRF, which wtrt also abovt  
tsꢂmaꢀt in January. GRF Mtdicaid txptndiꢀurts wtrt $161.9 million (12.7%) abovt tsꢂmaꢀt in January and $108.2 million (1.1%) abovt  
tsꢂmaꢀt YTD.  
All program caꢀtgorits oꢀhtr ꢀhan Mtdicaid had ntgaꢂvt YTD variancts aꢀ ꢀht tnd oꢁ January. Toꢀal program txptndiꢀurts wtrt btlow tsꢂmaꢀt  
by $146.9 million (0.7%) YTD.  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
44.7 million  
Federal grants  
Total GRF sources  
$
$84.0 million  
9.9%  
$138.9 million  
4.4%  
2
.0%  
Program expenditures  
110.4 million  
Total GRF uses  
$
$111.2 million  
3.9%  
Month of January  
3
.9%  
GRF Medicaid  
161.9 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$28.0 million  
-2.7%  
$133.9 million  
5.8%  
1
2.7%  
Tax revenue  
138.0 million  
Federal grants  
Total GRF sources  
$
$94.3 million  
1.5%  
$284.0 million  
1.4%  
1
.0%  
Program expenditures  
$146.9 million  
Total GRF uses  
-
-$153.2 million  
-0.7%  
YTD through January  
-
0.7%  
GRF Medicaid  
108.2 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$126.1 million  
-1.9%  
-$17.9 million  
-0.1%  
1
.1%