Wednesday, November 25, 2015         

 Print   Email   Comment | View 5 Comments   Most Popular   Save   Post   Retweet

Revenue forecast for Hawaii continues downward trend

By Star-Advertiser staff

LAST UPDATED: 2:27 p.m. HST, May 30, 2014

The state Council on Revenues on Thursday reduced the state's revenue forecast, the latest reflection of the slowdown in the state's economy.

The council set the forecast for the fiscal year that ends in June at minus 0.4 percent, down from zero percent in March. State House budget analysts estimate that the lower forecast will cost the state $21.9 million this fiscal year and will also drop the revenue base going forward.

The council left the forecast at 5.5 percent growth for fiscal year 2015.

 Print   Email   Comment | View 5 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions

Latest News/Updates