Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: May 2020  
Volume: Fiscal Year 2020  
State tax revenues took a large hit in April due to the delay in the income tax filing deadline unꢀl July 15 and the effects of the economic  
slowdown due to the COVID-19 pandemic. Tax revenue was $866.5 million under esꢀmate for the month. This threw the year-to-date  
(YTD) variance into negaꢀve territory for the first ꢀme this fiscal year ($777.0 million, 4.0%, under esꢀmate).  
The personal income tax was responsible for 87.0% of the negaꢀve YTD variance in tax revenues. This tax came in $635.7 million below  
esꢀmate in April, increasing its negaꢀve YTD variance to $675.7 million (9.2%).  
The sales and use tax, the largest GRF tax, had a negaꢀve variance of $236.7 million in April, more than offseꢁng its posiꢀve variance  
from the beginning of the fiscal year and resulꢀng in a negaꢀve YTD variance of $159.3 million (1.8%).  
YTD GRF Medicaid expenditures were $116.4 million (0.9%) above esꢀmate at the end of April. This posiꢀve variance was offset by a  
negaꢀve variance in non-GRF Medicaid expenditures of $180.9 million (1.7%). Medicaid caseloads increased by more than 93,000 in April.  
GRF spending for all other program categories, except for Medicaid and Other Educaꢀon, were under esꢀmate YTD. Total program  
expenditures were $336.0 million (1.2%) under esꢀmate.  
On May 7, the governor signed an execuꢀve order requiring GRF budget reducꢀons totaling $775.0 million for FY 2020.  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
$866.5 million  
Federal grants  
Total GRF sources  
-
-$8.4 million  
-1.2%  
-$867.5 million  
-27.2%  
-
35.3%  
Program expenditures  
$135.5 million  
Total GRF uses  
-
-$135.4 million  
-5.0%  
Month of April  
-
5.0%  
GRF Medicaid  
$20.4 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$19.2 million  
-1.5%  
-$39.6 million  
-1.7%  
-
2.0%  
Tax revenue  
$777.0 million  
Federal grants  
Total GRF sources  
-
$81.9 million  
1.0%  
-$634.3million  
-2.3%  
-
4.0%  
Program expenditures  
$336.0 million  
Total GRF uses  
-
-$337.8 million  
-1.2%  
YTD through April  
-
1.2%  
GRF Medicaid  
116.4 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$180.9 million  
-1.7%  
-$64.5 million  
-0.3%  
0
.9%