HEADLINES : Hawaii

No New Taxes Proposed by Gov. Abercrombie in Budget Proposal, but Governor Could Still Support Legislative Tax Proposals

The Hawaii ReporterDecember 21, 2011

"This is a balanced budget with no tax increases - how's that for a great opening line."

Those were the first words from Gov. Neil Abercrombie yesterday when he unveiled his $188 million supplemental budget request for FY 2013 to state lawmakers.

If lawmakers approve the governor's plan, the increase will bring the total state annual operating budget to $11.1 billion.

The governor said under this new budget, there will be no furloughs or employee cutbacks in FY 13 and no additional cuts to social welfare programs.

This is in sharp contrast to the 2011 legislative session, when lawmakers had to make up a $1.3 billion shortfall by increasing taxes by $600 million and cutting social welfare programs.

 

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