Governor Neil Abercrombie has decided that he will wait until the state’s Council on Revenue meets in the new year before making any decision about raising taxes or creating any other type of revenue-boosting measure for Hawaii. The Council is scheduled to convene on January 3, 2013 and may revise their forecast about how much tax revenue is expected to be generated in he coming years. The governor is asking for an additional $439 million in spending for the next fiscal year with most of that money going towards updating state’s computer system and improving the state’s early childhood education programs. Abercrombie stated, “We’ll deal with the revenue question and where we go with that and what we’re going to need when we have the Council on Revenues projections. We’re making the best projection we can right now from the figures that are available to us.”
Source: Honolulu Star Advertiser, 12-21-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
