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Hawaii state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Hawaii faced a $2 billion budget gap in FY 2009. [1]
Budget background
- See also: Hawaii state budget and finances
Hawaii operates on a biennium, covering two fiscal years at a time. A fiscal year begins on July 1 and ends on June 30 of the following year; however, the biennium begins July 1 of odd-numbered years. According to the state Constitution, the governor is required to submit to the legislature a budget that includes proposed expenditures and anticipated revenue for the upcoming biennium.[2] Both the Senate and the House of Representatives are required to make any necessary changes or adjustments to the budget until the bill is passed in both houses. Then the document is passed to the governor before it is enacted into law. The governor is required to submit a balanced budget that does not include a carryover deficit.[3]
Budget figures
The following table provides a history of Hawaii's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $8.2[4] | $40.2[4] |
| 2001 | $8.8[4] | $41.8[4] |
| 2002 | $9.4[4] | $43.5[4] |
| 2003 | $9.6[4] | $46.4[4] |
| 2004 | $9.9[4] | $50.4[4] |
| 2005 | $10.5[4] | $54.9[4] |
| 2006 | $11.0[4] | $58.7[4] |
| 2007 | $11.5[4] | $61.5[4] |
| 2008 | $12.1[4] | $64.5[4] |
| 2009 | $12.7*[4] | $67.7*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
- Hawaii government sector lobbying
- Hawaii state budget and finances
Footnotes
- ↑ Associated Press, "Hawaii proposed budget calls for minimal layoffs," April 8, 2009
- ↑ The Hawaii State Constitution, "Budget process," accessed April 15, 2009
- ↑ INPUT, "State Budget Process," accessed April 15,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "Hawaii State and Local spending," accessed April 15,2009
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State of Hawaii Honolulu (capital) |
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