Investor Presentaiton
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RI PI+ Sales Tax Repeal Results
As the Sales Tax Repeal and State Spending Reduction table
shows, the repeal of the sales tax and the reduction in state
government spending results in a substantive impact on the
state's economy
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Private employment increases by 5,383 jobs in Year 5
Private investment increases by $179 million in Year 5
RI Gross State Product decreases by $29 million in Year 5
RI population increases by 14,326 in Year 5
To isolate the effect of the reduction in state government
spending on the economic impact of the repeal of the sales tax,
ORA ran the RI PI+ model with only the repeal of the sales tax
RI PI+ compared the simulation value after the sales tax repeal
without the reduction in state government spending to the
same baseline scenario
September 23, 2014
2014 Revenue Estimation and Tax Research Conference
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