Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: April 2019  
Volume: Fiscal Year 2019  
GRF taxes had a solid month in March, beaꢀnꢁ the esꢀmate for the month by $66.0 million. The foreiꢁn insurance tax led the way, beinꢁ  
$
$
37.4 million above esꢀmate, turninꢁ this tax’s year-to-date (YTD) variance from a neꢁaꢀve $16.6 million at the end of February to a posiꢀve  
20.9 million at the end of March.  
The sales and use tax was $25.4 million above esꢀmate in March due primarily to the nonauto porꢀon’s stronꢁ performance ($24.6 million above  
esꢀmate). Throuꢁh March the sales and use tax was $156.4 million above esꢀmate. The personal income tax was $14.5 million above the monthly  
esꢀmate, which reduced this tax’s neꢁaꢀve YTD variance to $100.7 million. The posiꢀve YTD variance in the commercial acꢀvity tax (CAT), the third  
larꢁest GRF tax source, increased by $2.9 million in March to $30.3 million at the end of March.  
Overall GRF taxes were above the YTD esꢀmate by $137.0 million (0.8%). Compared to the same period in FY 2018, YTD GRF taxes ꢁrew 3.4%.  
Federal ꢁrants that are part of the GRF were $485.0 million below the YTD esꢀmate due to lower than expected Medicaid expenditures.  
GRF Medicaid expenditures were under esꢀmate YTD by $629.4 million. Non-GRF Medicaid expenditures were also under esꢀmate YTD, by  
$
517.0 million, resulꢀnꢁ in a neꢁaꢀve YTD all funds Medicaid variance of $1.15 billion, larꢁely due to lower than expected caseloads.  
GRF proꢁram expenditures as a whole were under esꢀmate YTD by $619.7 million. Except for Medicaid, most of the YTD variances in proꢁram  
expenditures were due to ꢀminꢁ.  
GRF & Medicaid Variances Actual vs. Estimate  
Tax revenue  
66.0 million  
Federal grants  
Total GRF sources  
$
-$61.0 million  
-6.7%  
$4.4 million  
0.2%  
4
.7%  
Program expenditures  
$13.1 million  
Total GRF uses  
-
-$7.0 million  
-0.3%  
Month of March  
-
0.5%  
GRF Medicaid  
$73.8 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$83.1 million  
-8.8%  
-$157.0 million  
-6.8%  
-
5.4%  
Tax revenue  
137.0 million  
Federal grants  
Total GRF sources  
$
-$485.0 million  
-6.2%  
-$347.6 million  
-1.4%  
0
.8%  
Program expenditures  
$619.7 million  
Total GRF uses  
-
-$612.6 million  
-2.3%  
YTD through March  
-
2.4%  
GRF Medicaid  
$629.4 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$517.0 million  
-5.6%  
-$1,146.3 million  
-5.4%  
-
5.2%