Credit uhero.hawaii.edu
UHERO s 2021 economic forecast
As we head into 2021, one of the questions we all have is, How is Hawaii s economy going to do in the new year? We talked about that with one of the state s leading economists - Carl Bonham, executive director of the University of Hawaii Economic Research Organization. He s also on the state Council on Revenues and he s part of the House Select Committee on COVID-19 Economic and Financial Preparedness. We spoke recently about the year ahead, but before President Trump had signed the latest federal COVID relief bill. Bonham says that continued federal support is a critical part of 2021. And while economic forecasting is always a tricky business, he does see some positives coming later in the year.
Hawaii Gov. David Ige: There s No Money To Sustain Government As It Existed - Honolulu Civil Beat
The governor, anticipating a slow economic recovery, likely will present lawmakers with a much-reduced conservative spending plan. Reading time: 8 minutes.
Gov. David Ige is expected to unveil his next two-year budget proposal on Monday and it seems likely there will be something for everyone to hate.
Ige has already announced plans for twice-a-month furloughs for 10,160 state workers starting next month, and warned that state worker layoffs will also be necessary to cope with the gigantic state budget crisis triggered by the pandemic.
As bad as that may sound, it is just the beginning.