#Rainy Day Fund

In his third State of the State address, Gov. Josh Green took aim this morning at Hawaiʻi’s high cost of living, affordable housing, accessible health care and Maui’s ongoing recovery from the August 2023 wildfires.

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.

Governor Linda Lingle delivered her eighth and final State of the State Address today. The governor outlined priorities for the legislative session including a specific proposal to change the state’s rainy day fund, renaming and revising it to a Fiscal Stabilization Fund to shield Hawaii in future years from the need to raise taxes during […]

Governor Linda Lingle announced a plan over the weekend to restore classroom days lost to furlough Fridays.  The plan calls for the restoration of 27 days over a one and a half year period beginning on Jan. 1, 2010. The plan calls for the use of $50 million in rainy day funds, and the use […]

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 […]