Wednesday, June 12, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, March 14, 2017
Grassroot Institute Urges Caution in Light of New Revenue Projection
By Grassroot Institute @ 12:12 AM :: 4978 Views :: Hawaii State Government, Taxes

Grassroot Institute Urges Caution in Light of New Revenue Projection

Watchdog Group Says State Budget Must be Reevaluated

News Release from Grassroot Institute

HONOLULU, HAWAII--March 13, 2017--In light of yet another downgrade in tax revenue projections for fiscal year 2017 and beyond, the Grassroot Institute of Hawaii is calling for greater fiscal responsibility at all levels of state government. The watchdog group's comments reflects concerns discussed at greater length in its upcoming state budget analysis.

At a meeting of the Council of Revenues, projected tax revenues for fiscal 2017 were adjusted downward from 3% to 2.5% for the remainder of the year. This comes after a previous downward adjustment (from 5.5% to 3%) only weeks ago. In addition, the Council adjusted projections for fiscal years 2018 and 2019 down from 5% to 4%.

In light of the revised projections, the Grassroot Institute of Hawaii urged state policymakers to take a hard look at the Governor's budget for fiscal 2018, which even under previous estimates, was on track to run out of money within three years.

Keli'i Akina, Ph.D., President of the Grassroot Institute, said, "Overly optimistic projections have put this state on the road to a fiscal crisis. State policymakers should consider today's revised projections to be a wake-up call. We must get spending under control."

Dr. Akina continued: "Most of all, this underlines the importance of dealing in accurate numbers, not hopeful ones. Lawmakers responsible for balancing the state budget must have the unvarnished truth about what to expect--both in terms of true tax revenue projections and possible hidden costs."

The Grassroot Institute is expected to release its own analysis of the state budget this week.


About the Grassroot Institute of Hawaii:

The Grassroot Institute of Hawaii is a nonprofit, nonpartisan research institute dedicated to the principles of individual liberty, the free market, and limited, accountable government throughout Hawaii and the Asia-Pacific region.To learn more, visit




About Grassroot President:

Keli’i Akina, Ph.D., is a recognized scholar, educator, public policy spokesperson, and community leader in Hawaii. Currently, he is President/CEO of Grassroot Institute of Hawaii, a public policy think tank dedicated to the principles of individual liberty, free markets and limited, accountable government. An expert in East-West Philosophy and ethics, Dr. Akina has taught at universities in China and the United States and continues as an adjunct instructor at Hawaii Pacific University. In 2016, Dr. Akina was elected to a four-year term as Trustee-at-Large of the Office of Hawaiian Affairs.


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii