Hawaii's Budget Figures Get Slightly Worse
Budget Shortfall Increases Over Next 15 Months
POSTED: 6:34 pm HST March 11, 2010
UPDATED: 8:47 pm HST March 11, 2010
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HONOLULU -- Hawaii's economic outlook is stabilizing, but a new prediction slightly increases the state's budget shortfall over the next 15 months.The state Council on Revenues left its forecast unchanged for the current fiscal year ending in June, but it toned down its prior optimism about the next fiscal year.The result is that lawmakers must find about $50 million more by cutting services and raising taxes.The forecast is used to shape the state's budget. The $50 million dip worsens the state's budget estimated shortfall from $1.2 billion to $1.25 billion through June of next year.The economists said they're starting to see the beginnings of a recovery gain momentum each month.
Previous Stories:
- March 4, 2010: Furlough Friday Talks Resume
- February 1, 2010: Senate Considers Raiding Hurricane Fund, Tax Hike
- January 31, 2010: Lawmakers Look To Gambling For Revenue
- January 25, 2010: Solutions Sparse For Furlough Friday Problem
- January 25, 2010: Text - Gov. Lingle's 2010 State Of The State
- January 20, 2010: Lawmakers Prepare For Cuts, Tax Hikes
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