Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: March 2019  
Volume: Fiscal Year 2019  
OBM lowered FY 2019 estmaꢀes for personal income ꢀax revenue by $150.6 million in January due ꢀo ꢀhe 3.3% reducton in employer  
wiꢀhholding ꢀax raꢀes ꢀhaꢀ wenꢀ inꢀo effecꢀ on January 1. This and all fuꢀure issues of Budgeꢀ Fooꢀnoꢀes compare personal income ꢀax  
revenue ꢀo ꢀhese updaꢀed estmaꢀes.  
The personal income ꢀax had a positve monꢀhly variance of $6.3 million in February. The commercial actviꢀy ꢀax also had a positve  
monꢀhly variance in February, ꢀoꢀaling $18.9 million. These positve February variances were offseꢀ by negatve variances of $11.4 million  
for ꢀhe sales and use ꢀax and $22.7 million for ꢀhe foreign insurance ꢀax. Overall, ꢀax revenue was $6.9 million below estmaꢀe in February.  
For ꢀhe year ꢀo daꢀe (YTD), ꢀax revenues remained above estmaꢀe by $71.3 million, led by a positve YTD variance of $131.2 million in ꢀhe  
sales and use ꢀax, which was partally offseꢀ by a negatve YTD variance of $115.2 million in ꢀhe personal income ꢀax.  
GRF revenue from federal granꢀs was under estmaꢀe YTD by $424.1 million because of lower ꢀhan estmaꢀed GRF spending on Medicaid.  
GRF Medicaid expendiꢀures were under estmaꢀe by $555.5 million. Non-GRF Medicaid expendiꢀures were also under estmaꢀe YTD, by  
$
433.9 million, resultng in a negatve YTD all funds Medicaid variance of $989.4 million, largely due ꢀo lower ꢀhan expecꢀed caseloads.  
GRF program expendiꢀures as a whole were under estmaꢀe YTD by $606.6 million. Excepꢀ for Medicaid, mosꢀ of ꢀhe YTD variances in  
program expendiꢀures were due ꢀo tming.  
GRF & Medicaid Variances Actual vs. Estimate  
Tax revenue  
$6.9 million  
Federal grants  
Total GRF sources  
-
-$77.8 million  
-10.3%  
-$85.7 million  
-3.6%  
-
0.4%  
Program expenditures  
$75.0 million  
Total GRF uses  
-
-$75.0 million  
-3.0%  
Month of February  
-
3.0%  
GRF Medicaid  
$96.4 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$68.0 million  
-6.4%  
-$164.4 million  
-7.4%  
-
8.4%  
Tax revenue  
71.3 million  
Federal grants  
Total GRF sources  
$
-$424.1 million  
-6.1%  
-$351.7 million  
-1.6%  
0
.5%  
Program expenditures  
$606.6 million  
Total GRF uses  
-
-$605.6 million  
-2.6%  
YTD through February  
-
2.7%  
GRF Medicaid  
$555.5 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$433.9 million  
-5.2%  
-$989.4 million  
-5.2%  
-
5.2%