State of Hawaii Has $844 Million Budget Surplus

During his annual State of the State address, Governor Neil Abercrombie announced that Hawaii has an $844 million budget surplus and is now on solid financial ground.  The governor outlined a wide range of projects and programs that he would like to have funded thanks to the surplus, including improving early childhood education and childhood health care, increasing minimum wage, reducing homelessness, improving the prison system and creating long term sustainability for the Hawaiian Islands.  State Senator David Ige, who is the chairman of the Senate Ways and Means Committee, cautioned that the surplus can not be spent wildly.  Ige stated, "We're concerned about the budget and making sure that it balances. We need to live within our means."

To read the State of the State in its entirety, please goto: governor.hawaii.gov/blog/2014-state-of-the-state-address/

Source: Honolulu Star Advertiser, 1-22-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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