Council on Revenues
RELATED INFORMATION:
Council on Revenues Meeting
Thursday, July 31, 2025 2:00 P.M. – Total Personal Income Forecast Agenda
2025
| Forecasts | Minutes |
|---|---|
| General Fund Forecast – May 21, 2025 General Fund Forecast – May 21, 2025 Attachments (3) – Attachment 1, Attachment 2, and Attachment 3 |
May 21, 2025 VIDEO DOTAX Presentation May 21, 2025 minutes – Draft |
| General Fund Forecast – March 12, 2025 General Fund Forecast – March 12, 2025 Attachments (3) – Attachment 1, Attachment 2, and Attachment 3 |
March 12, 2025 VIDEO DOTAX Presentation March 12, 2025 minutes |
| General Fund Forecast – January 8, 2025 General Fund Forecast – January 8, 2025 Attachments (3) – Attachment 1, Attachment 2, and Attachment 3 |
January 8, 2025 VIDEO DOTAX Presentation January 8, 2025 minutes |
2024
2023
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.
Council on Revenues
- Kurt Kawafuchi, J.D., LL.M., M.B.A., C.P.A. (not in public practice), Chair
- Appointed by Senate President; Term ends: 06-30-2027
- Kristi L. Maynard, Vice-Chair
- Appointed by Senate President; Term ends: 06-30-2027
- Carl S. Bonham, Ph.D., Member
- Appointed by Governor; Term ends: 06-30-2027
- Scott W. Hayashi, J.D., Member
- Appointed by Speaker of the House; Term ends: 06-30-2027
- Michael Y. Hamasu, M.B.A., B.B.A., Member
- Appointed by Governor; Term ends: 06-30-2027
- Regina Ostergaard-Klem, Ph.D, Member
- Appointed by Governor; Term ends: 06-30-2027
- Marjorie Bennett, M.B.A, C.F.A., Member
- Appointed by Speaker of the House; Term ends: 06-30-2027
Page Last Updated: July 15, 2025