Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: January 2021  
Volume: Fiscal Year 2021  
GRF tax revenues of $2.00 billion in the month of December were $64.2 million (3.3%) above esꢀmate, bringing the posiꢀve variance in  
year-to-date (YTD) GRF tax revenues to $457.7 million (3.7%).  
The sales and use tax, the largest GRF tax, conꢀnued to lead the way with a posiꢀve variance of $49.6 million (4.9%) in December. This increased  
this taxs posiꢀve YTD variance to $356.5 million (6.3%) at the end of December.  
The personal income tax also came in above esꢀmate in December – by $5.4 million (0.7%), increasing its posiꢀve YTD variance to $75.3 million  
(1.5%).  
The commercial acꢀvity tax, the third largest GRF tax, had a posiꢀve variance in December of $6.4 million (61.9%), decreasing this taxs negaꢀve  
YTD variance to $15.0 million (1.9%).  
The negaꢀve YTD variance in GRF program expenditures increased by $144.5 million in December to end the first half of FY 2021 at $698.9 million  
(3.6%) under esꢀmate. This negaꢀve variance was dominated by a negaꢀve YTD variance in GRF Medicaid spending of $539.2 million (5.3%).  
Non-GRF Medicaid spending was also under esꢀmate YTD by $50.0 million (0.8%). Medicaid spending is compared to esꢀmates that were updated  
in September 2020 in response to the COVID-19 pandemic. These esꢀmates are about $3 billion higher for all funds than those used for H.B. 166.  
Expenditures for all GRF program categories, except for Primary and Secondary Educaꢀon, were under their YTD esꢀmates at the end of December.  
GRF & Medicaid Variances – Actual vs. Estimate  
Tax revenue  
64.2 million  
Federal grants  
Total GRF sources  
$
-$335.6 million  
-41.4%  
-$269.7 million  
-9.8%  
3
.3%  
Program expenditures  
$144.5 million  
Total GRF uses  
-
-$120.8 million  
-5.4%  
Month of December  
-
6.5%  
GRF Medicaid  
$127.4 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$64.5 million  
-3.8%  
-$191.9 million  
-6.9%  
-
11.6%  
Tax revenue  
457.7 million  
Federal grants  
Total GRF sources  
$
-$636.1 million  
-8.8%  
-$157.5 million  
-0.8%  
3
.7%  
Program expenditures  
$698.9 million  
Total GRF uses  
-
-$709.6 million  
-3.6%  
YTD through December  
-
3.6%  
GRF Medicaid  
$539.2 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$50.0 million  
-0.8%  
-$589.2 million  
-3.6%  
-
5.3%