•Fiscal Dividend – the benefits of growth
–Economic growth increases both employment and income, and, with an  income tax system, this automatically produces more tax revenue. The added tax revenue resulting from economic growth is fiscal dividend
–The more rapid is economic growth, the greater is fiscal dividend, allowing more spending to be “affordable”
–Rhode Island is a lagging economy, so its fiscal dividend is not as great as it would be with more rapid growth. This has made a number of desirable spending items “unaffordable”