Legislative Budget Office of the Legislative Service Commission  
LBO BUDGET FOOTNOTES INFOGRAPHIC  
Click here for the full edition of Budget Footnotes  
Issue: June 2019  
Volume: Fiscal Year 2019  
GRF taxes had another solid month in May, exceeding the monthly esꢀmate by $65.7 million (3.1%) and increasing the year-to-date (YTD) posiꢀve variance to  
$616.9 million (3.0%). Receipts were above YTD esꢀmates for all taxes except for the kilowaꢁ-hour excise tax, which was $5.1 million (1.5%) below esꢀmate.  
The sales and use tax was above the monthly and YTD esꢀmates by $47.0 million (5.2%) and $224.7 million (2.4%), respecꢀvely.  
The personal income tax was also above esꢀmates in both May and YTD by $21.8 million (3.3%) and $298.4 million (3.8%), respecꢀvely.  
Although posꢀng a small negaꢀve variance of $1.2 million in May, the commercial acꢀvity tax, the third largest GRF tax, was $39.5 million (2.5%) above the  
YTD esꢀmate at the end of May.  
The public uꢀlity ($18.1 million, 15.1%) and foreign insurance ($17.2 million, 6.0%) were two other taxes with significant posiꢀve YTD variances.  
YTD GRF uses were $885.0 million (2.8%) below esꢀmate due primarily to Medicaid. Two other expenditure categories with significant negaꢀve YTD variances  
were Health and Human Services ($51.2 million) and Property Tax Reimbursements ($45.8 million); these variances were due mainly to ꢀming.  
GRF Medicaid was below the YTD esꢀmate by $793.5 million (5.4%), which also led to a negaꢀve YTD variance of $657.1 million (6.9%) in federal grants that  
are deposited into the GRF. Non-GRF Medicaid was $842.3 million (7.3%) below the YTD esꢀmate. Including both the GRF and non-GRF, all funds Medicaid  
expenditures were below the YTD esꢀmate by $1.64 billion (6.3%). Lower than expected caseload has been a major contribuꢀng factor to Medicaid’s growing  
negaꢀve variances throughout the fiscal year.  
GRF & Medicaid Variances Actual vs. Estimate  
Tax revenue  
65.7 million  
Federal grants  
Total GRF sources  
$
-$92.1 million  
-8.9%  
-$42.4 million  
-1.4%  
3
.1%  
Program expenditures  
$110.1 million  
Total GRF uses  
-
-$191.2 million  
-6.3%  
Month of May  
-
25.4%  
GRF Medicaid  
$63.9 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$237.8 million  
-23.6%  
-$301.7 million  
-11.8%  
-
4.1%  
Tax revenue  
616.9 million  
Federal grants  
Total GRF sources  
$
-$657.1 million  
-6.9%  
-$23.9 million  
-0.1%  
3
.0%  
Program expenditures  
$888.5 million  
Total GRF uses  
-
-$885.0 million  
-2.8%  
YTD through May  
-
2.8%  
GRF Medicaid  
$793.5 million  
Non-GRF Medicaid  
All funds Medicaid  
-
-$842.3 million  
-7.3%  
-$1,635.9 million  
-6.3%  
-
5.4%