Ohio Legislative Service Commission
GRF & MEDICAID VARIANCE SUMMARY
GRF tax revenue underperformed again in February. Year-to-date GRF tax revenue was $411.7 million
below OBM’s August 2016 estimate and $57.7 million below FY 2016 year-to-date actual receipts.
The personal income and sales and use taxes were $352.2 million and $120.4 million, respectively,
below their year-to-date estimates.
Medicaid expenditures and related federal reimbursements continue to remain well below OBM’s
August 2016 estimates. Year-to-date GRF Medicaid expenditures were $794.2 million below estimate and
federal grants into the GRF were $572.6 million below estimate.
The GRF will meet OBM’s latest (January 2017) target for FY 2017 if GRF tax revenue’s negative variance for
the full fiscal year is no greater than $592 million while GRF spending’s negative variance for the full fiscal
year is no smaller than $825 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: