Council on Revenues

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Council on Revenues Meeting, May 29, 2014

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2014

Council on Revenues 2014 forecasts
Forecasts Minutes
General Fund Forecast – March 11, 2014
General Fund Forecast – March 14, 2013 Attachments (3) – Attachment 1, Attachment 2, and Attachment 3.
 
General Fund Forecast – January 7, 2014
General Fund Forecast – January 7, 2013 Attachments (3) – Attachment 1, Attachment 2, and Attachment 3.
January 7, 2014 minutes

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2013

Council on Revenues 2013 forecasts
Forecasts Minutes
Informational briefing to legislative Finance committees – December 18, 2013 presented by Kurt Kawafuchi
Council on Revenues presentation slides (PDF) 11 slides, 333 KB
Council on Revenues Testimony (PDF) 4 pages, 113 KB
Total Personal Income Forecast – October 31, 2013 October 31, 2013 minutes
General Fund Forecast – September 5, 2013
General Fund Forecast – September 5, 2013 Attachments (3) – Attachment A, Attachment B, and Attachment C.
September 5, 2013 minutes
Total Personal Income Forecast – August 1, 2013 August 1, 2013 minutes
General Fund Forecast – May 28, 2013
General Fund Forecast – May 28, 2013 Attachments (3) – Attachment A, Attachment B, and Attachment C.
May 28, 2013 minutes
General Fund Forecast – March 13, 2013 March 13, 2013 minutes
Informational briefing to legislative Finance committees, Hawaii State Capitol – January 4, 2013 presented by Richard F. Kahle, Jr. Council on Revenues Testimony (PDF) 5 pages, 41 KB
General Fund Forecast – January 3, 2013 January 3, 2013 minutes

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About the Council on Revenues

The Council on Revenues is attached to the Department of Taxation for Administrative Purposes.

The Council on Revenues, established under section 37-111, Hawaii Revised Statutes, prepares revenue estimates of the state government for each fiscal year of the six-year state program and financial plan.

The Council reports its latest revenue forecast to the governor and the legislature on June 1, September 10, January 10, and March 15 of each year. In addition, the Council prepares estimates of the state total personal income for such calendar years as are necessary for establishing the state expenditure ceiling.

Forecasts of total personal income are reported to the director of finance, the governor, the chief justice, and the legislature each August 5 and November 5.  Estimates prepared by the Council are considered by the governor in preparing the state budget, recommending appropriations, and controlling expenditures; they are considered by the legislature in appropriating funds and enacting revenue measures.

The Council consists of seven members, three of whom are appointed by the Governor for four-year terms and two each of whom are appointed by the President of the Senate and the Speaker of the House of Representatives for two-year terms. The Council is not required to comply with the law on open meetings for public agencies when confidential tax information is discussed, but all estimates submitted to the Governor and Legislature by the Council are public.

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RELATED INFORMATION:

Council on Revenues

Kurt Kawafuchi, J.D., LL.M., M.B.A., C.P.A (not in public practice), Chair
term ends: 06-30-2015
Marilyn M. Niwao, J.D., CPA, Vice-Chair
term ends: 06-30-2015
Carl S. Bonham, Ph.D., Member
term ends: 06-30-2015
Christopher Grandy, Ph.D., Member
term ends: 06-30-2015
Elizabeth P. Cambra, Member
term ends: 06-30-2015
Jack P. Suyderhoud, Ph.D., Member
term ends: 06-30-2015
Kristi L. Maynard, Member
term ends: 06-30-2015