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No new taxes, spending cuts in budget

December 29, 2011
The Maui Weekly

The Associated Press - Gov. Neil Abercrombie said last week that the state will not need to increase taxes or cut spending any further to balance the budget during the upcoming fiscal year. The state will also be able to pay back the rainy day fund that was used to balance the budget this year, he said. Gov. Abercrombie attributed the state's fiscal condition to decisions he and the Legislature made during the past year.

"We don't have to deal with more cuts, we don't have to deal with more threats of furloughs or anything like that because we've made those decisions. What we have to do is stick to them now," Gov. Abercrombie said at a news conference on his budget for the 2013 fiscal year that begins in July. He also noted that federal budget cuts could affect Hawai'i state programs, and lawmakers will have to prepare if they want to restore funds cut by the federal government.



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