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State leaders praise positive revenue forecast

Published On: May 29 2013 11:50:47 AM HST

The state gets a more upbeat economic forecast from experts that could mean more money in the budget.

HONOLULU -

Hawaii's political leaders are praising the latest state revenue forecast which shows growing revenue over the next two years.
    
The Council on Revenues met Tuesday to announce the figures. Gov. Neil Abercrombie says the predicted increase could bring Hawaii $86 million more over the next two years.
    
Abercrombie says Hawaii residents and businesses should be optimistic because the economy is improving.
    
He says he expects Hawaii's tourism, real estate and construction industries to grow, as well as agriculture and small businesses.
    
House Finance Committee Chairwoman Sylvia Luke says the forecast shows the state is on track with its proposed budget.
    
The Legislature passed a $23.8 billion two-year budget this year with millions in funding for capital improvement projects and employee health benefits. The bill is on Abercrombie's desk.

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