Tuesday, November 12, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, August 9, 2013
Sequestration Cost Hawaii $684M
By UHERO @ 7:29 PM :: 5689 Views :: Economy

Sequestration Cost Hawaii $684M

SA: Sequestration could cost Hawaii $684 million this year, according to Eugene Tian, the state's economist — $462 million from the direct loss in federal spending and the rest from the ripple effect through the economy. The reduction could take 0.9 percent away from the state's projected $75.9 billion gross domestic product.

The state's GDP is expected to grow by 2.4 percent this year, Tian estimates, as the construction and service sectors of the economy follow the tourism sector into expansion. The GDP grew by 1.6 percent last year.

Christopher Grandy, a University of Hawaii-Manoa economist who serves on the state Council on Revenues, said sequestration could translate into a $51 million loss in general fund tax revenue this year.

FYI: Entire Hawaii Congressional Delegation Voted for Sequestration

read ... Thanks, Obama

  *   *   *   *   *

Annual Hawaii Forecast: Expansion to Strengthen Despite Washington Worries

News Release from UHERO August 9, 2013

Hawaii is headed toward a strong expansion path. While federal tax increases and the spending sequester have weighed on growth in the year’s first half, construction and service sector progress will maintain forward momentum. Incremental contributions from tourism will be more limited as that industry pushes up against capacity constraints. The Islands are poised for several years of moderately rapid growth that will bring measurable improvements for many local families.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

LINK: public summary

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii