Ohio Legislative Service Commission
GRF & MEDICAID VARIANCE SUMMARY
December GRF tax revenue came in $11.9 million (0.6%) below OBM’s estimate. The year-to-date
(YTD) positive variance in GRF tax revenue decreased to $17.5 million (0.2%). All three major GRF
taxes – sales and use, personal income, and commercial activity – have outperformed their
estimates for the first half of FY 2018, by $16.3 million, $27.3 million, and $8.9 million, respectively.
Total GRF sources were below the YTD estimate by $255.2 million due largely to timing issues; a
transfer in of $200 million from unclaimed funds did not occur in December as anticipated.
YTD GRF Medicaid expenditures were $136.1 million (1.8%) below estimate, which accounted for
67.3% of the $202.4 million in negative YTD variance for GRF uses as a whole.
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.