A difficult task for Hawaii’s Legislature to pass an updated state budget by May was made no easier Monday, as a state general fund revenue forecast was essentially unchanged.
The Hawaii Council on Revenues tripled its forecast for growth in the state for the current fiscal year, from September’s estimated 1.3% to a revised 4% in its latest report.
Hawaii’s Legislature and Gov. Josh Green could have close to a half-billion dollars of additional state general fund revenue at their disposal over the next 18 months, according to a new projection that guides state spending.
A day after Japan's prime minister lifted all travel restrictions, UH economists issued a report saying the return of Japanese travelers could help spare Hawaii's economy.
New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.