#hawaii council on revenues

Despite Projections for a Double Digit Economic Downturn in 2021, Budget Chairs Do Not Anticipate Statewide Pay Cuts

Dela Cruz and Luke believe that the state can weather the economic downturn without imposing school furloughs, statewide pay cuts or cuts to critical social services. 

Governor: Hawaiʻi’s Economy Strong and Improving

“Our economy is strong and appears to be getting stronger. Hawaii continues to lead the US amongst states with significant revenue growth possibilities. We must remember that the Council predictions relate to tax revenue growth.”

Council on Revenues Lowers Tax Revenue Forecast

At its meeting on September 6, 2012 the Council on Revenues lowered its forecast for State of Hawaii’s general fund tax revenue growth in fiscal year 2013 from 5.3% to 4.9%.

Council on Revenues Remains Unchanged, No Special Session

The Hawaii Council on Revenues, met Thursday, in a regularly scheduled meeting, and did not change its previous forecast for the state’s general fund tax revenue.

Governor Calls for 10% Spending Reduction

The Governor is calling for a 10 percent spending reduction for all departments and announced plans to raid the Rainy Day, Hurricane Relief and special funds.