Investor Presentaiton

Total Taxes and RI Economic Conditions Rhode Island's total tax revenues appear to be getting less volatile from the 1990s to the 2000s. 0.15 0.10 0.05 0.00 АА -0.05 -0.10 -0.15 1994:Q3 1995:Q3 1996:Q3 1997:Q3 1998:Q3 1999:Q3 2000:Q3 2001:Q3 2002:Q3 2003:Q3 2004:Q3 RI Coincident Index на 2005:Q3 2006:Q3 2007:Q3 Total Taxes 2008:Q3 2009:Q3 September 30, 2013 FTA Revenue Estimation and Tax Research Conference Ay 2010:Q3 2011:Q3 2012:Q3 4

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