Investor Presentaiton
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ORA Modeling of Sales Tax Repeal
In the 75 consumer sectors, RI PI+ reduced relative prices of
goods and services subject to the sales tax by $586.5 million
In the 70 industry sectors, RI PI* reduced production costs of
businesses that made input and investment purchases subject
to the sales tax by $317.8 million
ORA found that on average over the past five fiscal years state
general revenues were spent as follows:
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Purchases of goods and services: 41.9 percent
Local government wages and salaries: 31.6 percent
State government wages and salaries: 19.3 percent
Purchases of investment goods: 0.01 percent
Grants to nonprofits serving households: 1.4 percent
State payroll costs (retirement, FICA, etc.): 5.8 percent
September 23, 2014
2014 Revenue Estimation and Tax Research Conference
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