Quantcast
  

Wednesday, April 23, 2014         

NAME IN THE NEWS


TO ACCESS SUBSCRIBER CONTENT:
Current Print Subscribers
ACTIVATE account
- OR -
LOGIN or SUBSCRIBE
for full digital access

Richard Kahle Jr.

The state Council on Revenues chairman brings a solid background to his crucial forecasting duties

By Lee Catterall

POSTED: 01:30 a.m. HST, May 18, 2012

~~<p>Expecting what its chairman, Richard Kahle Jr., forecast as a solid economy in the coming years, the state Council on Revenues gave state officials a green light in putting together a healthy two-year state budget.</p>
<p>The projection is more than just advice because the executive and legislative branches are required by the state Constitution to pay attention to what the seven-person Council calculates to be the budget ceiling based on tax revenues. In March, the Council forecast 12 percent in growth over the year ending next month, a 7.5 percent growth in the 2013 fiscal year, and increases ranging from 7 percent to 5.2 percent for each of the four following years.</p>
~~

Expecting what its chairman, Richard Kahle Jr., forecast as a solid economy in the coming years, the state Council on Revenues gave state officials a green light in putting together a healthy two-year state budget.

The projection is more than just advice because the executive and legislative branches are required by the state Constitution to pay attention to what the seven-person Council calculates to be the budget ceiling based on tax revenues. In March, the Council forecast 12 percent in growth over the year ending next month, a 7.5 percent growth in the 2013 fiscal year, and increases ranging from 7 percent to 5.2 percent for each of the four following years. Login for more...



Login or sign up below for the complete story

Print Subscribers
ACTIVATION
Current print subscribers, activate your premium content account for unlimited online access & commenting
New Subscribers
Find subscription offers in your area and choose the package that suits your reading preferences.

14-DAY PASS
14 day premium online access and commenting ability on StarAdvertiser.com