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Bill establishing labor standards in Hawaii moves forward

Exodus of Hawaii residents cost the state $185 million in tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

Exodus of Hawai i residents since 2020 results in $185M in lost tax revenue to the state : Maui Now

According to Seth Colby, Department of Taxation research and planning officer, outmigration since 2020 has resulted in the loss of $185 million in general excise taxes and state income taxes, or approximately $61.8 million per year. To place that amount into context, one percentage point of the Council on Revenues forecast, which determines how much can be spent on the state budget, represents approximately $100 million.         

Exodus of Hawaii residents costs the state $185 million in tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

Exodus of Hawaii residents cost the state $185 million in lost tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

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