Governor requests two-year, $12.4 billion budget for State
The Abercrombie Administration submitted its 2013-2015 fiscal biennium budget to the Hawaii State Legislature Monday, allocating over $12.4 billion over next two years.
According to the Governor's office, the requests for general funds will budget approximately $6.1 billion for fiscal year 2014 and $6.3 billion for fiscal year 2015.
Budget provisions highlighted by the Governor's office include:
- Approximately $59 million per year for information technology initiatives and improvements
- More than $7.1 million in 2014 and $22.2 million in 2015 for digital curriculum for Common Core State Standards
- More than $9.6 million in 2014 and $35.3 million in 2015 for the Executive Office of Early Learning and early childhood education and health initiatives
- More than $5.6 million in 2014 and $5.9 million in 2015 for the Executive Office on Aging, Aging and Disability Resource Centers, and kupuna care programs
- More than $118.1 million in 2014 and $172.8 million in 2015 for health premium payments and other post-employment benefit pre-funding
- Capital improvement projects budget is of $1.7 billion in fiscal year 2014 and $906 million in fiscal year 2015 from all sources of funding, such as general obligation bonds and revenue bonds from self-funded enterprises
"This balanced budget will build upon sound strategies that will continue to stimulate our local economy, while moving forward on IT transformation initiatives to better prepare Hawaii for an increasingly technological age,"Governor Abercrombie said on a posting of his website. "We are also proposing significant investments in early education and health initiatives, as well as building an improved support system for our kupuna."
The full budget will be available soon here.
We'll have reaction from State lawmakers on the Governor's proposed budget on KITV 4 News at 5, 6 & 10 p.m.
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