#FY09

An updated assessment of tax revenues shows the state lost an additional $57 million in FY09-worse than the 9 percent decline projected by the Council on Revenues.    Governor Linda Lingle said she will have to make “tough, realistic decisions to close the budget shortfall.”  She did not specify how many workers would be laid […]

Governor Linda Lingle informed all state department heads today of the immediate need to implement a further 2 percent reduction on discretionary spending for the remainder of FY09, in light of an anticipated reduction in the revenue forecast, legislative actions taken during the 2009 session and the need to meet the balanced budget requirement of […]