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>
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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...