- Special Projects
The state panel of economic experts now says Hawaii will be short by hundreds of millions of dollars more than expected.
The new projections by the state Council on Revenues mean the state has less money to spend in the years ahead.
It’s not a recession yet but government should consider picking up some of the private sector’s slack as the construction industry wanes.
The Council on Revenues projects 5.3 percent general fund growth for the current fiscal year and 4.5 percent next year.
But the state’s top financial advisers decided not to try to predict what the Legislature might do with rail.
The Council on Revenues lowered its growth projections after a debate that included speculation about Trump’s effects on tourism.