Hawaii Will Collect More Taxes Than Expected, State Panel Says - Honolulu Civil Beat
Hawaii Will Collect More Taxes Than Expected, State Panel Says
The state Council on Revenues says Hawaii will collect $300 million more in taxes this year than previously projected. Reading time: 4 minutes.
Gov. David Ige and state lawmakers received some welcome news Thursday as a panel of experts that projects state tax collections revised one of its most gloomy predictions.
The state Council on Revenues now believes the state general treasury will receive about $300 million more in the next six months than the council had projected last year. That will help with the state budget crunch caused by the COVID-19 recession.