REVENUE ESTIMATING CONFERENCE (NOVEMBER 2008)
Findings from Revenue Estimating Conference November 2008
The Revenue Estimating Conference estimates that General Revenues will total $3,113.1 million - this represents a descrease of $233.6 or -9.3% from the enacted amount. The decreased revenue presents the State's leadership with a significant problem, in that the $233.6 million represents 7.0% of thethe revenues as enacted last June.  The Personal Income Tax estimate was decreased by $113.2 million, the Business Corporation tax by -$53.0 million, Sales and Use Tax by -$32 million, department revenues by -$16.1 million and the Lottery by -$16.4 million.  Please see the attached charts for additional sources and growth rates. 

SUMMARIES BY THE POVERTY INSTITUTE

• Revenue Estimating Conference Summary of Findings
• Departmental Testimony - (10.29.08) 
• Economic Forecast - (10.27.08) 

ECONOMIC FORECAST

• Powerpoint: Moody's/Economy.com "Outlook for U.S. and Rhode Island" (10.27.08) 
• Powerpoint: Global Insight "U.S. and Rhode Island Outlook"- (10.27.08) 
• Statement for Revenue Estimating Conference from RI Department of Labor and Training

REVENUE CONFERENCE

• November 2008 Revenue Conference Summary Tables
• November 2008 Revenue Conference Detail Tables