HONOLULU (AP) The Council on Revenues on Thursday predicted that the Hawaii's general fund tax receipts will surge 15% during the current fiscal year through June as tourism recovers from the COVID-19 downturn.
The state Council on Revenues has more than doubled its forecast for Hawaiʻi's general fund tax revenue for this fiscal year. The council now expects that revenue to increase by 15% for the fiscal year ending in June that’s up from its September forecast, where it predicted 6.3% growth.
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