Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: September 2020  
Volume: Fiscal Year 2021  
The Office of Budget and Management (OBM) released esꢀmates for monthly GRF revenues in September. These esꢀmates are based on OBMs  
revenue esꢀmates for FY 2021 made at the end of the H.B. 166 budget process, adjusted for the delay in the personal income tax filing deadline that  
shied income tax revenue from FY 2020 to early FY 2021. They do not reflect the updated revenue esꢀmates OBM released in response to COVID-19.  
YTD GRF tax revenues of $4.67 billion were above these esꢀmates by $253.6 million (5.7%) at the end of August.  
The sales and use tax, the largest GRF tax, had the largest posive YTD variance among GRF tax sources at $182.9 million (9.6%), consisꢀng of a posive  
variance of $62.7 million (22.7%) in the auto sales tax and $120.2 million (7.4%) in the nonauto sales and use tax.  
The personal income tax was also above its YTD esꢀmate by $96.3 million (5.0%).  
The commercial acꢀvity tax was the only one of the three largest GRF tax sources to be below its YTD esꢀmate at the end of August, having a negaꢀve  
variance of $32.0 million (8.8%), largely reflecꢀng commercial acꢀvity in the second quarter (April to June) of 2020.  
A posive YTD variance in GRF Medicaid spending of $68.0 million (1.7%) was offset by a negaꢀve variance in non-GRF Medicaid spending of $115.4  
million (6.4%), resulꢀng in a negaꢀve YTD variance in all funds Medicaid spending of $47.4 million (0.8%).  
Despite the posive YTD variance in GRF Medicaid spending, total YTD program expenditures were under esꢀmate by $85.5 million (1.2%), mostly due  
to a ꢀming-related negaꢀve YTD variance in Property Tax Reimbursements of $105.2 million (42.8%).  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
69.0 million  
Federal grants  
Total GRF sources  
$
-$25.3 million  
-2.2%  
$35.2 million  
1.0%  
3
.2%  
Program expenditures  
$85.5 million  
Total GRF uses  
-
-$116.2 million  
-3.2%  
Month of August  
-
2.4%  
GRF Medicaid  
68.0 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$115.4 million  
-9.2%  
-$47.4 million  
-1.6%  
3
.9%  
Tax revenue  
253.6 million  
Federal grants  
Total GRF sources  
$
-$25.3 million  
-0.9%  
$305.4 million  
4.2%  
5
.7%  
Program expenditures  
$85.5 million  
Total GRF uses  
-
-$111.7 million  
-1.4%  
YTD through August  
-
1.2%  
GRF Medicaid  
68.0 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$115.4 million  
-6.4%  
-$47.4 million  
-0.8%  
1
.7%