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Council on Revenues adjusts economic forecast, expecting a drop in tax collection

Council on Revenues adjusts economic forecast, expecting a drop in tax collection
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Hawaii Council On Revenues Trims Its State Tax Collection Estimate

Troubling signs in the state economy are appearing but construction remains strong. ....

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Gov. Green decides against STR moratorium; hopes to have all wildfire displaced Maui residents out of hotels by July 1 : Maui Now

With more than 3,000 wildfire displaced residents on Maui still living in hotels, Gov. Josh Green says there are enough units available now through rental and direct lease programs that he expects to have the remaining residents transitioned out to longer-term solutions by July 1, 2024. ....

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Green Won't Issue Vacation Rental Moratorium For Maui

The governor says sufficient housing has been secured for fire survivors but his administration still plans to crack down on illegal rentals. ....

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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. ....

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