What's Being Discussed

The Hawaii Council on Revenues is meeting on Thursday, October 29, 2026 at 2:00 p.m. to forecast Total Personal Income (TPI) — an estimate of how much money Hawaii residents are expected to earn. This information helps the state plan its budget.

• Approval of minutes from the previous meeting held on September 3, 2026
• A presentation by Dr. Baybars Karacaovali comparing the Council's TPI forecast model against other forecasts for 2026 and 2027, plus a review of how the 2025 forecast compared to what actually happened
• Public comments on topics not listed on the agenda (these will be considered for a future meeting)
• Scheduling of the next General Fund Revenue Forecast meeting

Decisions Expected

• Vote to approve the minutes from the September 3, 2026 meeting
• Vote on the official Total Personal Income forecast for Calendar Year 2026
• Vote on the official Total Personal Income forecast for Calendar Year 2027

Who Should Pay Attention

• Hawaii residents interested in how the state estimates income levels and plans its finances
• Businesses and economists who track economic conditions in Hawaii
• Policymakers and budget planners, since TPI forecasts influence state revenue projections

The meeting is held virtually via Zoom (Webinar ID: 165 627 7981). A physical access terminal is available at 830 Punchbowl Street, Room 223, Honolulu. Written testimony can be submitted to tax.research@hawaii.gov.