The first of a two-part analysis of the results of the increasingly opaque state budget process this past legislative session, and what we can expect in terms of revenues, funding and expenditures for the upcoming 2020 fiscal year that begins July 1, 2019.
Shifting some of the state’s tax burden would result in a more equitable, and profitable, system.
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.
The best tax systems give breaks to low-income households and collect more from those who have the most to spare. Hawaiʻi's system exacerbates inequality.
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.