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State revenue forecast unchanged

By Star-Advertiser Staff

LAST UPDATED: 07:00 p.m. HST, May 26, 2011

The state Council on Revenues left unchanged its forecasts for the current and upcoming fiscal years.

Based off its forecast from March 29, the Council predicts a revenue decline of 1.6 percent in the fiscal year that ends June 30, with a rebound to 11 percent growth in the next fiscal year.

The static forecast means the Legislature likely will not have to come back in special session to tweak the $11 billion and $10.9 billion budgets approved earlier this month for the next two fiscal years.

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