Ohio Legislative Service Commission
GRF & MEDICAID VARIANCE SUMMARY
For the first quarter of FY 2017, GRF tax revenue as a whole was $71.9 million below estimate.
The personal income tax and the sales and use tax were below estimate by $73.0 million and
28.2 million, respectively. The negative variances in these two major taxes were partially offset by
higher than expected receipts from some other taxes, including the kilowatt-hour excise
$11.2 million), cigarette ($8.8 million), and foreign insurance ($5.7 million) taxes.
Medicaid continued its lower than expected spending trend in the first quarter of FY 2017. GRF
Medicaid expenditures were $288.7 million below estimate, which contributed to a negative
variance of $212.1 million in federal grants deposited into the GRF. All-funds Medicaid expenditures
were below estimate by $608.8 million, due partly to a delay in making certain payments to hospitals
($162.2 million) and managed care organizations ($74 million).
GRF sources mainly consist of state tax revenue (63%) and federal grants (35%) but also include some state
nontax revenue and transfers in.
Total GRF Sources
GRF uses mainly consist of various program expenditures (98%) but also include transfers out.
Total GRF Uses
Both GRF and non-GRF Medicaid expenditures contain federal and state moneys.
Key: An up arrow indicates a positive variance (i.e., the amount by which actual is above estimate) while
a down arrow indicates a negative variance.
The full edition of LSC monthly Budget Footnotes may be accessed at: