Revenue & Caseload Estimating Conference scheduled
STATE HOUSE — The Revenue & Caseload Estimating Conference is scheduled to take place Wednesday, October 27 through Wednesday, November 10. The meetings will be televised live on Capitol Television, which can be seen on Cox on Channels 15 and 61, in high definition on Cox Channel 1013, on Full Channel on Channel 15 and on Channel 34 by Verizon subscribers. They will also be live streamed at www.rilegislature.gov/CapTV.
Twice yearly, in the spring and the fall, the conference principals (the State Budget Officer, Senate Fiscal Advisor and House Fiscal Advisor) must reach a consensus on what the state general revenues and caseload expenses are estimated to be for the current fiscal year and the budget year. The General Assembly and the State Budget Office use these projections to prepare the budget. The principals include State Budget Officer Joseph Codega, Jr.; House Fiscal Advisor Sharon Reynolds Ferland; and Senate Fiscal Advisor Stephen Whitney.
The meeting schedule of the spring estimating conference is:
Wednesday, October 27 - Testimony
9 a.m. Cash Assistance Caseload
Department of Human Services
1 p.m. Services for Private Community Developmentally Disabled Caseload
Department of Behavioral Healthcare, Developmental Disabilities and Hospitals
Medical Caseload
Executive Office of Health and Human Services
Friday, October 29 - Economic Overview and Testimony
9 a.m. U.S. and R.I. economic forecasts — IHS Markit
Michael Lynch, Economist
RI Labor Market Conditions – Department of Labor and Training
Donna Murray, Assistant Director, Labor Market Information Unit
Consensus Economic Forecast
10:30 a.m. Lottery Receipts —Department of Revenue, Division of Lottery
Mark Furcolo, Director, Division of Lottery
Commerce Corporation Tax Credits – Commerce Corporation
Jesse Saglio, President, Commerce Corporation
Tuesday, November 2 – Follow up Testimony (if necessary)
9 a.m. Cash Assistance Caseload
Department of Human Services
Services for the Private Community Developmentally Disabled Caseload
Department of Behavioral Healthcare, Developmental Disabilities and Hospitals
Medical Caseload
Executive Office of Health and Human Services
Friday, November 5 – Caseload Estimates and Revenue Testimony
9 a.m. Caseload Estimating Conference
2 p.m. Tax Collections – Department of Revenue, Division of Taxation
Neena Savage, State Tax Administrator
Accruals – Accounts and Controls
Dorothy Pascale, State Controller
Tuesday, November 9 – Testimony (if necessary)
9 a.m. Tax Collections — Department of Revenue, Division of Taxation
Neena Savage, State Tax Administrator
Wednesday, November 10 - Revenue Estimate
9 a.m. Revenue Estimating Conference
Meeting Materials will be made available on the General Assembly website at https://www.rilegislature.gov/Special/rcc/Pages/RCC-Nov2021.aspx or http://omb.ri.gov/rec/.
