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State tax revenues up 9.9 percent, latest figures show

By Star-Advertiser staff

POSTED:
LAST UPDATED: 02:06 a.m. HST, Jun 15, 2013



The state Department of Taxation reported Friday that state tax collections are up 9.9 percent through May, eleven months into the fiscal year.

The collections are higher than the 6.7 percent revenue growth projected by the state Council on Revenues for fiscal year 2013, which ends in June.

General excise and use taxes are up 9.7 percent. Hotel-room taxes are up 13.4 percent. Individual income taxes are up 13.9 percent.







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what wrote:
Here we go again, this will be the cue for Abercrombie to increase spending. The more taxes that are collected, the more the government spend, and we will again end up having to increase taxes yet again. It's a never ending cycle. If Abercrombie were smart, he would use the cash to pay down debts and replenish exhausted and previous raided funds. But instead he will blow the money on increased welfare (laptops for all!)
on June 14,2013 | 06:23PM
jrboi96786 wrote:
i don't like him either but i don't think he or anyone in legislative would be dumb enough to raise taxes when the collection is higher every year. if that what he or the legislative was all about, they would've raise taxes long time ago. so give it a brake and look at the bright side. stop stressing yourself!
on June 14,2013 | 10:35PM
false wrote:
maybe the state retirement system should be funded a little more before they start buying votes.
on June 14,2013 | 06:47PM
jrboi96786 wrote:
what about invest on something open ended that would benefit everyone in a long run like education, infrastructures, etc.
on June 14,2013 | 10:38PM
localguy wrote:
How much more do we need to spend on education when the related unions just take the money for their pay and bennies, leaving crumbs for our keiki. No, education has more than enough money to operate. The problem is efficiency. Way to many people at BOE, DOE, HSTA taking a paycheck with no work going to the frontline of teaching. Cut out this overhead by 50% and use the money in the schools.
on June 15,2013 | 06:13AM
allie wrote:
True..HSTA dumped all over the keiki. Same with the pathetic and inept DOE
on June 15,2013 | 09:48AM
allie wrote:
no retirement needs to be paid folks who were hangers on.
on June 15,2013 | 09:47AM
palani wrote:
Great news! It's like realizing that you mistakenly paid for your $5 purchase with a $10 bill, so you're getting more back than you expected... Wait, you mean the cashier is keeping the change?
on June 15,2013 | 05:50AM
localguy wrote:
Once again our dysfunctional bureaucrats are dancing in the aisles. With more funds available they are eagerly awating the arrival of more special interest groups giving them $1 in return for opening the spigot to our tax dollars. Wrong answer. As any personal finance expert would tell you, this is the time to pay down debt and only fund essential, core government services. Do now waste our tax dollars on your pet projects and nice to have but not needed expenses. For once in your career do what is right, be fiscally responsible with our tax dollars.
on June 15,2013 | 06:08AM
sumoroach wrote:
SO does that mean the rail money from tax collection have gone up too?
on June 15,2013 | 06:22AM
Bdpapa wrote:
The State ever heard of a savings account? Or a rainy day fund that they can't use without cause?
on June 15,2013 | 06:39AM
Hugo wrote:
Raise income tax collections and excise tax collections even more by raising the minimum wage. Other states have done this, like highest-in-the-nation Washington and it works. Hawaii is too backward to do this.
on June 15,2013 | 09:51AM
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