State Budget Proposed to be $12.6 Billion In Next Fiscal Year

Governor Ing has just submitted his proposal for the state budget for the next fiscal year. Under his proposal the budget will increase to $12.6 billion, which represents approximately a 4 percent increase.  The majority of the increase goes to fill contractual requirements with state workers including added health benefits and raises.  These same contractual obligations will increase the budget to $13.1 billion the following fiscal year.  Governor Ing commented, "We do anticipate that we would be putting a more specific imprint on the budget in January as we get department directors on board and they've had a chance to view the budget requests and budget proposals that were developed as part of the budget process."

Source: Honolulu Star Advertiser, 12-23-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
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