Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: January 2019  
Volume: Fiscal Year 2019  
GRF tax revenues were below esꢀiate by $38.2 iꢁllꢁon ꢁn Deceiber, reducꢁng the posꢁꢀve year-to-date (YTD) varꢁance to $128.7 iꢁllꢁon. The negaꢀve  
Deceiber varꢁance was largely due to a negaꢀve varꢁance of $46.8 iꢁllꢁon ꢁn the personal ꢁncoie tax. Thꢁs varꢁance was due enꢀrely to a shorꢂall ꢁn  
esꢀiated payients. Eiployer wꢁthholdꢁng was above esꢀiate ꢁn Deceiber. For the YTD, the personal ꢁncoie tax had a negaꢀve varꢁance of $44.2 iꢁllꢁon.  
The negaꢀve Deceiber varꢁance ꢁn the personal ꢁncoie tax was parꢀally offset by a posꢁꢀve varꢁance of $11.9 iꢁllꢁon ꢁn the sales and use tax, whꢁch pushed  
thꢁs tax’s posꢁꢀve YTD varꢁance to $136.4 iꢁllꢁon. The coiiercꢁal acꢀvꢁty tax also iaꢁntaꢁned ꢁts posꢁꢀve YTD varꢁance, whꢁch totaled $11.7 iꢁllꢁon at the  
end of Deceiber.  
The posꢁꢀve YTD varꢁance ꢁn total tax revenues was offset by a negaꢀve YTD varꢁance ꢁn federal grants of $236.6 iꢁllꢁon, resulꢀng ꢁn a negaꢀve varꢁance of  
$112.5 iꢁllꢁon ꢁn total GRF sources.  
GRF prograi expendꢁtures were below esꢀiate ꢁn the ionth of Deceiber by $51.7 iꢁllꢁon, brꢁngꢁng the negaꢀve YTD varꢁance to $318.9 iꢁllꢁon. Medꢁcaꢁd  
expendꢁtures were the iaꢁn drꢁver of the ionthly and YTD varꢁances wꢁth negaꢀve varꢁances of $70.4 iꢁllꢁon for the ionth and $314.2 iꢁllꢁon YTD. These  
negaꢀve varꢁances were parꢀally offset by posꢁꢀve varꢁances ꢁn Prꢁiary and Secondary Educaꢀon expendꢁtures of $29.7 iꢁllꢁon for the ionth and  
$45.3 iꢁllꢁon YTD.  
The negaꢀve ionthly varꢁance ꢁn GRF Medꢁcaꢁd expendꢁtures was offset by a posꢁꢀve varꢁance of $238.5 iꢁllꢁon ꢁn non-GRF Medꢁcaꢁd expendꢁtures due to a  
payient iade ꢁn Deceiber that had been delayed. All funds Medꢁcaꢁd expendꢁtures reiaꢁn below esꢀiate YTD ($930.7 iꢁllꢁon).  
GRF & Medicaid Variances Actual vs. Estimate  
Tax revenue  
$38.2 million  
Federal grants  
Total GRF sources  
-
-$83.2 million  
-11.1%  
-$123.0 million  
-4.7%  
-
2.0%  
Program expenditures  
$51.7 million  
Total GRF uses  
-
-$51.7 million  
-2.2%  
Month of December  
-
2.2%  
GRF Medicaid  
$70.4 million  
Non-GRF Medicaid  
All funds Medicaid  
-
$238.5 million  
19.0%  
$168.1 million  
7.0%  
-
6.1%  
Tax revenue  
128.7 million  
Federal grants  
Total GRF sources  
$
-$236.6 million  
-4.5%  
-$112.5 million  
-0.7%  
1
.1%  
Program expenditures  
$318.9 million  
Total GRF uses  
-
-$318.0 million  
-1.8%  
YTD through December  
-
1.8%  
GRF Medicaid  
$314.2 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$616.5 million  
-9.8%  
-$930.7 million  
-6.5%  
-
3.9%