Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: November 2020  
Volume: Fiscal Year 2021  
GRF tax revenues of $2.04 billion in the month of October were $84.8 million (4.3%) above esꢀmate, bringing the posiꢀve variance in  
year-to-date (YTD) GRF tax revenues to $347.2 million (4.2%).  
The sales and use tax, the largest GRF tax, led the way with a posiꢀve variance of $84.0 million (9.4%) in October. This increased this taxs  
posiꢀve YTD variance to $267.9 million (7.3%) at the end of October.  
The personal income tax was below esꢀmate in October by $16.4 million (2.3%), reducing its posiꢀve YTD variance to $67.8 million (1.9%).  
The commercial acꢀvity tax had a posiꢀve variance in October of $8.4 million (11.2%), reducing this taxs negaꢀve YTD variance to  
$
15.1 million (3.4%).  
A negaꢀve October variance in GRF program expenditures of $409.3 million (12.4%) was dominated by a negaꢀve variance in GRF  
Medicaid spending of $429.5 million (22.8%). Non-GRF Medicaid spending was also slightly under esꢀmate in October ($3.6 million, 0.4%),  
reducing its posiꢀve YTD variance to $23.8 million (0.6%).  
Expenditures for all GRF program categories were under their YTD esꢀmates at the end of October. Total program expenditures had a  
negaꢀve YTD variance of $725.6 million (5.2%).  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
84.8 million  
Federal grants  
Total GRF sources  
$
-$269.2 million  
-20.3%  
-$178.8 million  
-5.4%  
4
.3%  
Program expenditures  
$409.3 million  
Total GRF uses  
-
-$418.2 million  
-12.6%  
Month of October  
-
12.4%  
GRF Medicaid  
$429.5 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$3.6 million  
-0.4%  
-$433.2 million  
-15.2%  
-
22.8%  
Tax revenue  
347.2 million  
Federal grants  
Total GRF sources  
$
-$391.4 million  
-7.6%  
-$23.7 million  
-0.2%  
4
.2%  
Program expenditures  
$725.6 million  
Total GRF uses  
-
-$760.0 million  
-5.3%  
YTD through October  
-
5.2%  
GRF Medicaid  
$545.6 million  
Non-GRF Medicaid  
All funds Medicaid  
-
$23.8 million  
0.6%  
-$521.7 million  
-4.7%  
-
7.5%