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
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Governor and the Lieutenant Governor are the only directly elected
executive officials (same ticket)
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Executive authority to control spending through ability to restrict,
delay or suspend appropriations
Broad powers of appointment
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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
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Biennium budgeting and multi-year financial and capital planningView entire presentation