Hawaii Taxable General Obligation Bonds 2023 slide image

Hawaii Taxable General Obligation Bonds 2023

State Government Structure Hawaii Has a Centralized State Government with Strong Executive Authority ā—‰ The Governor's office has significant powers and scope - Governor and the Lieutenant Governor are the only directly elected executive officials (same ticket) - - Executive authority to control spending through ability to restrict, delay or suspend appropriations Broad powers of appointment - Authority to issue Emergency Proclamations STATE OF HAWAII State Legislature has the ability to increase taxes and authorize debt without voter approval The State's Constitution does not provide for voter driven initiatives Hawaii State Capitol Building The Council on Revenues ("Council") provides independent quarterly revenue forecasts that facilitate better budget planning and execution 6 Biennium budgeting and multi-year financial and capital planning
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