council on revenues

Hawaii State Capitol

The group that projects state tax revenue is predicting sharp declines for the rest of this year and the following, on the back of massive declines in visitor arrivals and local consumer spending due to COVID-19.

Ryan Finnerty

Tax revenue coming into Hawaii state coffers is now expected to be $48 million to $80 million less than previous estimates for the rest of 2020 due to the impact of the coronavirus.

Council on Revenues General Fund Forecast: $250M Cut

Mar 14, 2017

The Council on Revenues lowered its General Fund Forecast yesterday.  The Council’s forecast is the basis for the Governor’s and Legislature’s budgets.   HPR’s Wayne Yoshioka reports.

The Council on Revenues tweaked its state revenue forecast downward today despite numerous economic indicators pointing to an upward trend.  HPR’s Wayne Yoshioka reports.

Governor Announces Budget Prioritization Plan

Mar 12, 2014
Wayne Yoshioka

The legislature passed the executive budget today, setting in motion deliberations throughout the Capitol on funding for the remainder of this year and next.  This on the heels of the Council on Revenues downward projection of economic growth.   HPR’s Wayne Yoshioka reports.