Ohio Legislative Service Commission
GRF & MEDICAID VARIANCE SUMMARY
GRF tax revenue came in very close to OBM’s estimate for the month of October, being
$3.3 million (0.2%) above the estimate. This pushed the year-to-date (YTD) positive variance to
$20.6 million. All three major GRF taxes – sales and use, personal income, and commercial
activity – have outperformed their YTD estimates, by $7.4 million, $16.4 million, and $21.5 million,
GRF program expenditures as a whole were $120.3 million below the YTD estimate at the end of
October. YTD expenditures from all program categories except Property Tax Reimbursements
were below estimates. YTD Medicaid expenditures from both GRF and non-GRF sources were
below estimate. Total YTD Medicaid expenditures from all funds were below estimate by
$113.8 million, continuing the recent trend of spending less in Medicaid than projected.
Total GRF Sources
Total GRF Uses
ACA - Managed Care
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.
GRF sources mainly consist of state tax revenue (63%) and federal grants (35%) but also include some
state nontax revenue and transfers in.
GRF uses mainly consist of various program expenditures (98%) but also include transfers out.
Both GRF and non-GRF Medicaid expenditures contain federal and state moneys.
The full edition of LSC’s monthly Budget Footnotes may be accessed on LSC’s website: www.lsc.ohio.gov.