Investor Presentaiton
RI PI+ Sales Tax Repeal Results
The Sales Tax Repeal Only table shows that eliminating the
sales tax w/out reducing State spending has a bigger impact on
the RI economy
-
Private employment increases by 10,649 jobs in Year 5
Private investment increases by $319 million in Year 5
- RI GSP increases by $978 million in Year 5
-
RI population increases by 25,322 in Year 5
By Year 5, nearly twice as many private jobs are created and
RI Gross State Product is $1.0 billion more than under the
Sales Tax Repeal and State Spending Reduction simulation
The difference in the two simulation values vis-à-vis the
baseline is due to the direct, indirect and induced effects of
State government spending
September 23, 2014
2014 Revenue Estimation and Tax Research Conference
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