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Governor proposes $1.8B more for budget

The money would be used for public works projects and land conservation

By Derrick DePledge

POSTED: 01:30 a.m. HST, Dec 17, 2013

~~<p>Gov. Neil Abercrombie asked the state Legislature on Monday to expand the state's construction budget to $2.6 billion next fiscal year, an aggressive $1.8 billion increase that would improve public infrastructure but also include money to preserve prime agricultural land in Central Oahu and conserve the unspoiled shoreline around Turtle Bay Resort on the North Shore.</p>
<p>Many economists contend state construction spending is often preferable to tax incentives as an economic stimulus. The governor's public works expansion &mdash; a 218.9 percent increase over the $843.8 million already penciled in for next fiscal year &mdash; would also come at a time of resurgence in the private construction industry.</p>
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Gov. Neil Abercrombie asked the state Legislature on Monday to expand the state's construction budget to $2.6 billion next fiscal year, an aggressive $1.8 billion increase that would improve public infrastructure but also include money to preserve prime agricultural land in Central Oahu and conserve the unspoiled shoreline around Turtle Bay Resort on the North Shore.

Many economists contend state construction spending is often preferable to tax incentives as an economic stimulus. The governor's public works expansion — a 218.9 percent increase over the $843.8 million already penciled in for next fiscal year — would also come at a time of resurgence in the private construction industry. Login for more...



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