Revenue Analysis

The Office of Revenue Analysis (ORA, or Office) serves internal and external decision makers by analyzing and forecasting data about the State’s tax systems and revenue streams and presenting the results clearly and concisely through the publication of reports. The Office produces monthly and statutory reports, costbenefit analyses of tax proposals, and fiscal notes for revenue-related legislation. ORA also houses, and is the operator of, the state’s sales tax and personal income tax simulation models. Finally, ORA maintains the motor vehicle excise tax program, which is used to calculate reimbursement amounts for the motor vehicle excise tax phaseout.

What We Do

• Produce monthly reports that assess the state’s revenues and cash collections and produce estimates of revenue proposals for the state budget.
• Consult with the Office of Management Budget (OMB) on revenue forecasts for the biannual Revenue Estimating Conference (REC), revenue proposals for the Governor’s budget and provide estimates of the same.
• Prepare the biennial Tax Expenditures Report as required under Rhode Island General Laws (RIGL) § 44-48.1-1.
• Prepare the annual Unified Economic Development Report as required under RIGL § 42-142-6.
• Prepare periodic evaluations of specified tax incentives as required under the Rhode Island Economic Development Tax Incentives Evaluation Act, RIGL § 44-48.2-4.
• Complete revenue fiscal notes as assigned by the State Budget Office pursuant to RIGL Chapter 22-12.
• Provide support to the principals of the biannual RECs as established in RIGL Chapter 35-16 and present public testimony as necessary.
• Collaborate with the Division of Municipal Finance on the administration of the motor vehicle and trailer excise tax phaseout as detailed in RIGL Chapter 44-34.