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Budget & Spending

State budget needs bigger cushion to weather crisis

A new Grassroot Institute of Hawaii report suggests ways to build a financial reserve HONOLULU, April 2, 2019 >> Hawaii’s state budget does not have big enough cushion to deal with a deep recession, if one should hit, so lawmakers should rein in spending and build up a financial reserve, rather

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‘Backward budgeting’ wrong way to move forward

Hawaii lawmakers are considering a myriad of new tax increases in order to pay for their spending plans, but instead they should clamp down on their spending so tax hikes aren’t needed. The Legislature on March 27 sent a record high $16 billion budget plan to Gov. David Ige for early

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Hawaii’s coming recession

Talk of recession is in the air, but are Hawaii legislators listening? I wouldn’t presume to predict the future, but there have been indications that an economic downturn might be in Hawaii’s future. Gov. David Ige in his most recent budget projected state revenues increasing at a more-conservative-than-usual 3.5 percent, and the

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Maui could use spending cap

By law, Maui County government spending is limited only by its revenues and appropriations. However, as its revenues have increased, the county’s spending has kept pace, increasing between 2008 and 2016 by 13.5 percentage points more than average Maui wages. Aaron Lief of the Grassroot Institute of Hawaii wrote about this

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A Raid by Any Other Name…

We have written before about GEMS (Green Energy Market Securitization), a program adopted by our state government in 2013. The state wanted to facilitate the buildout of “clean energy infrastructure,” a necessary step to reaching its clean energy goals. GEMS was supposed to be a financing program that provides low-cost

Read More →

State budget needs bigger cushion to weather crisis

A new Grassroot Institute of Hawaii report suggests ways to build a financial reserve HONOLULU, April 2, 2019 >> Hawaii’s state budget does not have big enough cushion to deal with a deep recession, if one should hit, so lawmakers should rein in spending and build up a financial reserve, rather

Read More →

‘Backward budgeting’ wrong way to move forward

Hawaii lawmakers are considering a myriad of new tax increases in order to pay for their spending plans, but instead they should clamp down on their spending so tax hikes aren’t needed. The Legislature on March 27 sent a record high $16 billion budget plan to Gov. David Ige for early

Read More →

Hawaii’s coming recession

Talk of recession is in the air, but are Hawaii legislators listening? I wouldn’t presume to predict the future, but there have been indications that an economic downturn might be in Hawaii’s future. Gov. David Ige in his most recent budget projected state revenues increasing at a more-conservative-than-usual 3.5 percent, and the

Read More →

Maui could use spending cap

By law, Maui County government spending is limited only by its revenues and appropriations. However, as its revenues have increased, the county’s spending has kept pace, increasing between 2008 and 2016 by 13.5 percentage points more than average Maui wages. Aaron Lief of the Grassroot Institute of Hawaii wrote about this

Read More →

A Raid by Any Other Name…

We have written before about GEMS (Green Energy Market Securitization), a program adopted by our state government in 2013. The state wanted to facilitate the buildout of “clean energy infrastructure,” a necessary step to reaching its clean energy goals. GEMS was supposed to be a financing program that provides low-cost

Read More →