Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: December 2020  
Volume: Fiscal Year 2021  
GRF tax revenues of $2.08 billion in the month of November were $46.4 million (2.3%) above esꢀmate, bringing the posiꢀve variance in  
year-to-date (YTD) GRF tax revenues to $393.6 million (3.8%).  
The sales and use tax, the largest GRF tax, conꢀnued to lead the way with a posiꢀve variance of $39.0 million (4.2%) in November. This  
increased this taxs posiꢀve YTD variance to $306.9 million (6.6%) at the end of November.  
Aꢁer a couple months of negaꢀve variances, the personal income tax came in above esꢀmate in November by $2.1 million (0.3%),  
increasing its posiꢀve YTD variance to $69.9 million (1.7%).  
The commercial acꢀvity tax had a negaꢀve variance in November of $6.3 million (1.9%), increasing this taxs negaꢀve YTD variance to  
$
21.4 million (2.7%).  
A posiꢀve November variance in GRF program expenditures of $171.2 million (5.5%) was dominated by a posiꢀve variance in GRF Medicaid  
spending of $133.7 million (7.3%). YTD GRF Medicaid spending was under esꢀmate by $411.9 million (4.5%). Non-GRF Medicaid spending  
was slightly under esꢀmate in November ($9.3 million, 1.1%), reducing its posiꢀve YTD variance to $14.5 million (0.3%).  
Expenditures for all GRF program categories, except for Primary and Secondary Educaꢀon, were under their YTD esꢀmates at the end of  
November. Total program expenditures had a negaꢀve YTD variance of $554.4 million (3.3%).  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
46.4 million  
Federal grants  
Total GRF sources  
$
$91.0 million  
7.2%  
$135.9 million  
4.1%  
2
.3%  
Program expenditures  
171.2 million  
Total GRF uses  
$
$171.2 million  
5.5%  
Month of November  
5
.5%  
GRF Medicaid  
133.7 million  
Non-GRF Medicaid  
All funds Medicaid  
$
-$9.3 million  
-1.1%  
$124.4 million  
4.7%  
7
.3%  
Tax revenue  
393.6 million  
Federal grants  
Total GRF sources  
$
-$300.5 million  
-4.7%  
$112.2 million  
0.7%  
3
.8%  
Program expenditures  
$554.4 million  
Total GRF uses  
-
-$588.8 million  
-3.4%  
YTD through November  
-
3.3%  
GRF Medicaid  
$411.9 million  
Non-GRF Medicaid  
All funds Medicaid  
-
$14.5 million  
0.3%  
-$397.4 million  
-2.9%  
-
4.5%