State hurricane relief fund likely to empty - Hawaii News Now - KGMB and KHNL

State hurricane relief fund likely to empty

HONOLULU (HawaiiNewsNow) - Less than a week into hurricane season, it appears Hawaii's hurricane relief fund will be empty.

Hawaii budget director Kalbert Young says the state will likely exhaust its hurricane relief savings to balance the current fiscal year's budget.

According to Young, Gov. Neil Abercrombie may spend about $117 million from the fund to help pay off an estimated $232 million shortfall by June 30.

This move could put residents and businesses in danger of not being protected if insurance companies stopped issuing policies following a major hurricane disaster.

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