Department of Taxation
Council on Revenues
What This Council Does
The Council on Revenues is an independent body that produces official state revenue forecasts used by the Governor and Legislature to set Hawaii's budget. It meets multiple times per year to review economic conditions, tax collection data, and revenue projections, and its forecasts legally constrain how much the state can appropriate. Forecast revisions up or down directly trigger budget adjustments and can determine whether new programs are funded.
Why You Should Care
The Council on Revenues' projections determine the size of the budget envelope within which the Legislature funds schools, healthcare, infrastructure, and every other state program. Residents who care about state funding priorities should follow council forecasts, especially during economic downturns or surges.