The state budget is a statement of Hawai‘i's values. It decides from where we get our money, as well as on what and whom we spend it. The budget prioritizes the investments we make in our schools, our environment, our health, and our local businesses. It is the blueprint for Hawaiʻi’s current and future prosperity.
Tax credits are among the tools the state uses to invest in people, businesses, and the environment. Instead of appropriating state funds for these investments, tax credits can fine-tune the tax system to promote social welfare and encourage economic activity by delivering targeted tax relief.
The economic recovery of Hawaiʻi is far from evenly distributed, demonstrating the continued need to make our state's tax policy more fair by adjusting how much revenue comes in and who provides it.
This briefing will provide a useful overview of how the state budget and tax systems work. State legislators, their staff, and others interested in budget and tax are welcome to attend.
This event was held both on Zoom and at the Capitol in Room 309.