The state of Hawai‘i is not the only governmental entity collecting and spending money for the public good. Each of the four counties has taxing authority and responsibilities that complement state budgets and services. State and county revenue sources overlap very little. Counties collect property taxes, which, according to the state constitution, may not be assessed by the state. Other county revenues include: service and use fees for water, sewer and waste disposal, licenses, and permits, including building permits.
To address mounting retirement obligations, Hawai‘i’s public employers have agreed to make actuarially determined payments over 30 years to pay down unfunded liabilities and grow the pension and health fund trusts that help fund future public contributions. These payments, which are largely supported by state and county taxes and fees, will be a sizeable burden in a small state like Hawai‘i.
Recommendations on handling Hawai‘i’s public worker retirement commitments as the Baby Boomer generation prepares to enter retirement.
State budgets, particularly for the executive branch, showcase our government’s priorities when it comes to spending money on social programs, capital improvement projects, and operations for its various departments.
The proposed budget for the executive branch for the next two years is larger than during the previous fiscal biennium. Despite this, the governor says he is being conservative with the state's spending reflecting inconsistencies in revenues collected compared to projections. Here's what he wants to spend the money on.
From collecting more revenue from the right places, to encouraging community-forward socioeconomic trends, there’s plenty of opportunity to improve.
Forty-four percent of the state’s tax revenue comes from the GET, a sales and use tax that imposes the second-largest burden in the nation for low-income earners.
A walk-through of the lifecycle of the State of Hawaii's biennium budget, from the beginning of the process over the summer of each odd-numbered year to its passage through the Legislature and signage by the governor the following year.
Here we briefly look at a few patterns in how the state is collecting and spending money gathered from revenue, both past and present.
Hawai‘i’s constitution is a crucial guiding document for how government carries out its functions. And one of the most critical functions is the collection and expenditure of funds.