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MEDIA RELEASE The University of Hawaii has assumed ownership of the United Kingdom Infrared Telescope (UKIRT) on Mauna Kea. The UKIRT is one of the world’s leading astronomical infrared observatories. UH President David Lassner said, “We are pleased to steward the UKIRT, a telescope that has made remarkable discoveries supporting the advancement of astronomical science. […]

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MEDIA RELEASE Gov. Neil Abercrombie and Finance Director Kalbert Young have commented on the adjusted forecast from the state Council on Revenues. Abercrombie said: “The outcome of (Thursday’s) meeting is another reason for us to remain optimistic about Hawaii’s strong and vibrant economy. “Due to sound fiscal management, our financial house continues to be on […]

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MEDIA RELEASE Gov. Neil Abercrombie, along with Attorney General David Louie and Finance Director Kalbert Young, has announced a plan to address an inconsistency in the amount of approximately $444 million between the budget bill and the bond authorization bill passed by the Legislature that is preventing each bill from being signed into law. “The […]

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MEDIA RELEASE In compliance with Article VII, Section 9, of the Hawaii Constitution, the Abercrombie Administration on Monday submitted its Executive Supplemental Budget for Fiscal Biennium 2013-2015 and updated Program and Financial Plan for 2013-2019 to the state Legislature. “The supplemental budget and plan continue responsible management of state fiscal affairs in order to build […]

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MEDIA RELEASE Gov. Neil Abercrombie has announced the State of Hawaii ended fiscal year 2013 with a positive fund balance of $844 million. The state’s positive balance marks a $1.1 billion turn-around since the governor took office. The announcement was made before a group of business executives at a Chamber of Commerce of Hawaii luncheon […]

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MEDIA RELEASE Acting Governor Shan Tsutsui has announced the State of Hawaii is under a temporary hiring freeze on vacant positions within the Executive Branch. The Acting Governor has signed an Executive Memorandum from Finance Director Kalbert Young authorizing the temporary general freeze, which is effective immediately. The temporary freeze is necessary to conserve dwindling […]

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MEDIA RELEASE Gov. Neil Abercrombie approves of the Council of Revenues forecast revisions for FY14 and FY15, which are consistent with the Abercrombie Administration analysis of the overall economy. The tourism economic sector is performing strongly, state unemployment rates continue to decline, and other sectors such as construction are showing signs of improvement. “I am […]

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MEDIA RELEASE The Abercrombie Administration has submitted its 2013-2015 fiscal biennium budget to the Hawaii State Legislature with a renewed commitment to a proven fiscal strategy that has put Hawaii’s economy on track toward recovery. The requests for general funds, approximately $6.1 billion for fiscal year 2014 and $6.3 billion for fiscal year 2015, include […]

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MEDIA RELEASE Gov. Neil Abercrombie and Budget and Finance Director Kalbert Young have announced the State of Hawaii successfully sold $866,990,000 of General Obligation Bonds on Nov. 15, 2012. This transaction reflects a continuation of work by the Abercrombie Administration to enhance the state’s solid financial foundation, and to invest in Hawaii’s future by improving […]

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MEDIA RELEASE Gov. Neil Abercrombie has announced the State of Hawaii’s “AA/AA/Aa2” credit rating was reaffirmed by three major credit agencies. He encouraged Hawaii investors to take advantage of this strong rating and purchase tax-exempt state bonds Nov. 13-14. “This reaffirmation by these agencies validates the progress that we have made as a state over […]

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MEDIA RELEASE The Public Land Development Corporation (PLDC) has posted early notice of its next scheduled board meeting (Oct. 11), at which the board will consider a resolution approving a strategic plan that will better define its scope and facilitate final review of draft administrative rules. To give the public ample time to submit comments, […]

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MEDIA RELEASE With signs of a strengthening economy, Gov. Neil Abercrombie on Thursday announced the State of Hawaii is on track in its goals toward economic recovery and sustainability. The Governor was joined by Budget & Finance (B&F) Director Kalbert Young and Department of Taxation (DOTAX) Director Fred Pablo in announcing that the State has […]

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MEDIA RELEASE Governor-Elect Neil Abercrombie has named Kalbert Young as the Budget and Finance Director; and Sen. Dwight Takamine and Audrey Hidano as the team heading up the state Department of Labor and Industrial Relations as its director and deputy director, respectively. This is Abercrombie’s second announcement regarding Cabinet positions in his administration. “They are […]

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