by Kelsey Winther When Election Day comes, voters never seem to get a chance to reduce government spending. Yet, there are always many options to increase it. One of the most common ways to increase expenditures is through authorizing the selling of bonds. This election is no exception. Two of
HONOLULU, HAWAII–Oct. 24, 2014–The state’s finances are a matter of controversy, the critical substance of which is often obscured by politics. In an effort to cut through the clutter and promote honest, unflinching discourse on Hawaii’s budget, the Grassroot Institute of Hawaii featured an expert panel to explore the issue. The
HONOLULU, Hawaii—July 14, 2014—Hawaii’s mounting state debt now represents $41,300 per taxpayer, the second highest in the country. This, according to Truth in Accounting’s State Data Lab, which calculates the Per Taxpayer Burden (the debt remaining after all assets are tapped) for all 50 states. According to Truth in Accounting,
Community Focus interviewed Dr. Keli’i Akina about Hawaii’s fiscal health. Dr. Akina briefly discusses the State’s budget, spending, and future plans. You can listen to the interview here: www.archive.org/details/KeliiAkinaEconomicFocusIntvw
By Paul Harleman Yesterday, the state Council on Revenues significantly reduced the revenue growth projections that are used to determine the budget spending levels for the two upcoming fiscal years. Specifically, the Council lowered the revenue growth forecast for FY 2014 from 3.3% to 0% and for FY 2015 the
In an interview with Community Focus this week, Dr. Akina discussed Hawaii’s fiscal troubles–especially the severity of our unfunded liabilities, and the need for an approach that champions the free market and institutes “best practices” for a healthier state economy. Listen to the entire interview below.
A nationwide study found Hawaii ranks number 43 nationwide as one of the states whose finances are reaching a critical point. The study, which was conducted by the Mercatus Center at George Mason University, considered and weighted a variety of financial indices, including cash solvency, budget solvency, long-run solvency, and
By Malia Hill No one is going to faint from shock when I mention that Hawaii state spending for fiscal year 2012 outstripped income yet again, making us one of Truth in Accounting’s “turkey states”—that’s the thirteen states that overspent their income in 2012 despite the recovering economy. There’s some
By Stephen Zierak Irresponsible management of government finances has caused Standard & Poor’s to drop its Illinois credit rating to A-. This is not like your improvement in school that brought your C to an A-, thus making your parents pleased and proud you had finally learned something. No, it
By Frances Nuar The desperate dance to balance the state budget was trickier than ever this legislative session. Far from providing innovative solutions, the Democratic led legislature had one answer to solve the $1.2 billion budget deficit: tax, tax, and tax some more, to the tune of $600 million. Proposals
by Kelsey Winther When Election Day comes, voters never seem to get a chance to reduce government spending. Yet, there are always many options to increase it. One of the most common ways to increase expenditures is through authorizing the selling of bonds. This election is no exception. Two of
HONOLULU, HAWAII–Oct. 24, 2014–The state’s finances are a matter of controversy, the critical substance of which is often obscured by politics. In an effort to cut through the clutter and promote honest, unflinching discourse on Hawaii’s budget, the Grassroot Institute of Hawaii featured an expert panel to explore the issue. The
HONOLULU, Hawaii—July 14, 2014—Hawaii’s mounting state debt now represents $41,300 per taxpayer, the second highest in the country. This, according to Truth in Accounting’s State Data Lab, which calculates the Per Taxpayer Burden (the debt remaining after all assets are tapped) for all 50 states. According to Truth in Accounting,
Community Focus interviewed Dr. Keli’i Akina about Hawaii’s fiscal health. Dr. Akina briefly discusses the State’s budget, spending, and future plans. You can listen to the interview here: www.archive.org/details/KeliiAkinaEconomicFocusIntvw
By Paul Harleman Yesterday, the state Council on Revenues significantly reduced the revenue growth projections that are used to determine the budget spending levels for the two upcoming fiscal years. Specifically, the Council lowered the revenue growth forecast for FY 2014 from 3.3% to 0% and for FY 2015 the
In an interview with Community Focus this week, Dr. Akina discussed Hawaii’s fiscal troubles–especially the severity of our unfunded liabilities, and the need for an approach that champions the free market and institutes “best practices” for a healthier state economy. Listen to the entire interview below.
A nationwide study found Hawaii ranks number 43 nationwide as one of the states whose finances are reaching a critical point. The study, which was conducted by the Mercatus Center at George Mason University, considered and weighted a variety of financial indices, including cash solvency, budget solvency, long-run solvency, and
By Malia Hill No one is going to faint from shock when I mention that Hawaii state spending for fiscal year 2012 outstripped income yet again, making us one of Truth in Accounting’s “turkey states”—that’s the thirteen states that overspent their income in 2012 despite the recovering economy. There’s some
By Stephen Zierak Irresponsible management of government finances has caused Standard & Poor’s to drop its Illinois credit rating to A-. This is not like your improvement in school that brought your C to an A-, thus making your parents pleased and proud you had finally learned something. No, it
By Frances Nuar The desperate dance to balance the state budget was trickier than ever this legislative session. Far from providing innovative solutions, the Democratic led legislature had one answer to solve the $1.2 billion budget deficit: tax, tax, and tax some more, to the tune of $600 million. Proposals
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