Abercrombie says revised growth rate OK for budget - Hawaii News Now - KGMB and KHNL

Abercrombie says revised growth rate OK for budget

HONOLULU (AP) - Hawaii Gov. Neil Abercrombie says revised projections showing slower tax growth than originally anticipated are OK for his budget plans for the next fiscal year.

Abercrombie said Wednesday that a supplemental budget submitted to the Legislature can accommodate revenue fluctuations and even slight declines.

He says the plan still furthers his administration's initiatives for boosting public services and reserves while planning for long-term liabilities.

The state Council on Revenues revised its forecast for fiscal 2014, saying tax revenue would grow at 3.3 percent instead of 4.1 percent.

State Finance Director Kalbert Young says 3.3 percent is still optimistic growth for the state. He says it's enough to carry out the administration's six-year plan.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Hawaii News Now headlinesNewsMore>>

  • First lady visits migrant children at Texas detention center

    First lady visits migrant children at Texas detention center

    Thursday, June 21 2018 12:42 PM EDT2018-06-21 16:42:26 GMT
    Friday, June 22 2018 3:25 PM EDT2018-06-22 19:25:04 GMT
    (AP Photo/Andrew Harnik). First lady Melania Trump arrives at McAllen Miller International Airport in McAllen, Texas, Thursday, June 21, 2018, to visit the Ursula Border Patrol Processing Center and the Upbring New Hope Children Center run by the Luthe...(AP Photo/Andrew Harnik). First lady Melania Trump arrives at McAllen Miller International Airport in McAllen, Texas, Thursday, June 21, 2018, to visit the Ursula Border Patrol Processing Center and the Upbring New Hope Children Center run by the Luthe...
    Melania Trump is visiting a Texas facility housing some of the more 2,300 migrant children sent there by the U.S. government after their families entered the country illegally.More >>
    Melania Trump is visiting a Texas facility housing some of the more 2,300 migrant children sent there by the U.S. government after their families entered the country illegally.More >>
  • High Court: Online shoppers can be forced to pay sales tax

    High Court: Online shoppers can be forced to pay sales tax

    Thursday, June 21 2018 10:32 AM EDT2018-06-21 14:32:03 GMT
    Friday, June 22 2018 3:24 PM EDT2018-06-22 19:24:50 GMT
    (AP Photo/Jessica Gresko, File). FILE - This April 23, 2018, file photo shows the Supreme Court in Washington.  The Supreme Court says states can force online shoppers to pay sales tax. The 5-4 ruling Thursday is a win for states, who said they were lo...(AP Photo/Jessica Gresko, File). FILE - This April 23, 2018, file photo shows the Supreme Court in Washington. The Supreme Court says states can force online shoppers to pay sales tax. The 5-4 ruling Thursday is a win for states, who said they were lo...

    The Supreme Court says states can force online shoppers to pay sales tax.

    More >>

    The Supreme Court says states can force online shoppers to pay sales tax.

    More >>
  • In reversal, Trump orders halt to his family separation rule

    In reversal, Trump orders halt to his family separation rule

    Wednesday, June 20 2018 11:21 AM EDT2018-06-20 15:21:21 GMT
    Friday, June 22 2018 3:16 PM EDT2018-06-22 19:16:02 GMT
    A boy stares out of a heavily tinted bus window leaving a U.S. Customs and Border Protection facility Tuesday in McAllen, TX. (AP Photo/Eric Gay)A boy stares out of a heavily tinted bus window leaving a U.S. Customs and Border Protection facility Tuesday in McAllen, TX. (AP Photo/Eric Gay)

    Trump signs executive order to keep families together at border, says 'zero-tolerance' prosecution policy will continue.

    More >>

    Trump signs executive order to keep families together at border, says 'zero-tolerance' prosecution policy will continue.

    More >>
Powered by Frankly