Investor Presentaiton

Adjusting to the Volatility of Revenues How has Rhode Island performed on these benchmarks? 2. Rely on federal government for aid ● ● YES! Used federal largesse in FY 2002 in the form of $50.0 million in expenditure credits and $50.0 million in cost share changes in the Federal Medical Assistance Percentages (FMAP) Used ARRA education monies in FY 2009 to supplant state education aid payments and cost share changes in the FMAP September 30, 2013 FTA Revenue Estimation and Tax Research Conference 17 17

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