Hawaii Homes from Hawaii Kai to Honolulu
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Hawaii Budget Shortfall Forecast Worsens
02 years ago
Hawaii Budget Shortfall Forecast to Increase Next Year
How low can you go?
- At least 48 states have addressed or still face shortfalls in their budgets for fiscal year 2010 totaling $168 billion or 24 percent of state budgets.
- An unusual number of these states are still struggling to balance their 2010 budgets two months after the start of the fiscal year. Three states — Arizona, Michigan, and Pennsylvania — have not yet adopted budgets for 2010. In addition, new shortfalls have opened up in at least 15 of the states that have adopted budgets — California, Colorado, Georgia, Hawaii, Kansas, Kentucky, Maryland, New Mexico, New York, Rhode Island, Utah, Vermont, Virginia, Washington, and Wyoming — plus the District of Columbia . These additional gaps — some of which have already been addressed— totaled $28 billion.
- Source: Center on Budget and Policy Priorities
The real news is that if, as is widely expected, the economy does not begin to significantly recover until the some time in calendar year 2010 and unemployment remains high through 2010, state shortfalls are likely to be even larger in fiscal year 2011 (which begins in July 2010 in most states).
To make matters worse, the Hawaii State Government is trying to pass along tax increases, in the form of higher transient accommodation taxes, among other things.
|
TABLE 1: |
||||
|
FY2010 |
FY2010 |
FY2010 Total |
FY2010 Total – |
|
| Alabama |
$1.2 billion |
0 |
$1.2 billion |
16.7% |
| Alaska |
$1.3 billion |
0 |
$1.3 billion |
30.0% |
| Arizona |
$4.0 billion |
0 |
$4.0 billion |
41.1% |
| Arkansas |
$146 million |
0 |
$146 million |
3.2% |
| California* |
$26.0 billion |
$19.5 billion |
$45.5 billion |
49.3% |
| Colorado |
$1.0 billion |
$384 million |
$1.4 billion |
18.6% |
| Connecticut |
$4.2 billion |
0 |
$4.2 billion |
23.9% |
| Delaware |
$557 million |
0 |
$557 million |
17.6% |
| District of Columbia |
$650 million |
$150 million |
$800 million |
12.7% |
| Florida |
$5.9 billion |
0 |
$5.9 billion |
22.8% |
| Georgia |
$3.1 billion |
$1.0 billion |
$4.1 billion |
23.8% |
| Hawaii |
$682 million |
$297 million |
$978 million |
19.1% |
| Idaho |
$411 million |
0 |
$411 million |
16.4% |
| Illinois* |
$13.2 billion |
0 |
$13.2 billion |
37.7% |
| Indiana |
$1.1 billion |
0 |
$1.1 billion |
7.5% |
| Iowa |
$779 million |
0 |
$779 million |
13.2% |
| Kansas |
$1.4 billion |
$183.2 billion |
$1.6 billion |
25.6% |
| Kentucky |
0 |
$1.1 billion |
$1.1 billion |
11.3% |
| Louisiana |
$1.8 billion |
0 |
$1.8 billion |
21.6% |
| Maine |
$640 million |
0 |
$640 million |
21.4% |
| Maryland |
$1.9 billion |
$700 million |
$2.6 billion |
18.7% |
| Massachusetts |
$5.0 billion |
0 |
$5.0 billion |
17.9% |
| Michigan |
$2.8 billion |
0 |
$2.8 billion |
12.4% |
| Minnesota |
$3.2 billion |
0 |
$3.2 billion |
21.0% |
| Mississippi |
$480 million |
0 |
$480 million |
9.6% |
| Missouri |
$923 million |
0 |
$923 million |
10.3% |
| Nebraska |
$150 million |
0 |
$150 million |
4.3% |
| Nevada |
$1.2 billion |
0 |
$1.2 billion |
37.8% |
| New Hampshire |
$250 million |
0 |
$250 million |
16.2% |
| New Jersey |
$8.8 billion |
0 |
$8.8 billion |
29.9% |
| New Mexico |
$345 million |
$432.6 million |
$777.6 million |
14.1% |
| New York |
$17.9 billion |
$2.1 billion |
$20.0 billion |
36.1% |
| North Carolina |
$4.6 billion |
0 |
$4.6 billion |
21.9% |
| Ohio |
$3.3 billion |
0 |
$3.3 billion |
12.3% |
| Oklahoma |
$777 million |
0 |
$777 million |
13.6% |
| Oregon* |
0 |
0 |
0 |
0.0% |
| Pennsylvania |
$4.8 billion |
0 |
$4.8 billion |
18.0% |
| Rhode Island* |
$590 million |
$65 million |
$655 million |
21.3% |
| South Carolina |
$725 million |
0 |
$725 million |
12.5% |
| South Dakota |
$32 million |
0 |
$32 million |
2.9% |
| Tennessee |
$1.0 billion |
0 |
$1.0 billion |
9.7% |
| Texas |
$3.5 billion |
0 |
$3.5 billion |
9.5% |
| Utah |
$721 million |
$279 million |
$1.0 billion |
19.8% |
| Vermont |
$278 million |
$28 million |
$306 million |
27.3% |
| Virginia |
$1.8 billion |
$1.5 billion |
$3.3 billion |
20.1% |
| Washington |
$3.4 billion |
$195 million |
$3.6 billion |
23.3% |
| West Virginia |
$184 million |
0 |
$184 million |
4.9% |
| Wisconsin |
$3.2 billion |
0 |
$3.2 billion |
23.2% |
| Wyoming |
0 |
$32 million |
$32 million |
1.7% |
| Total |
$139.4 billion |
$27.9billion |
$167.6 billion |
24.3% |
| Some or all of the pre-budget shortfalls have already been addressed.
*The mid-year shortfall shown for California ($19.5 billion) differs from the often-cited $26.3 billion figure because it does not include the $5.8 billion of potential revenues affected by the May ballot measures to avoid double counting and does not include $1 billion to be deposited in reserve. At least $3.2 billion of the $13.2 billion gap in Illinois has not been closed. Oregon has a two-year budget. The size of the projected shortfall is shown in Table 2. Rhode Island’s mid-year shortfall of $65 million is a deficit carried over from FY2009. |
||||
Among other increases, legislators approved three additional income tax brackets on top of the current nine, taking the top income tax rate from 8.25 percent to a whopping 11 percent. Hawaii now has the highest state income tax rate in the country and more tax brackets than any other state.
Another tax increase targets the state’s most important, and already struggling, industry: tourism. With hotel occupancy at a record low, the legislature raised the “transient accommodations” tax on hotel rooms from 7.25 to 9.25 percent—a 28 percent increase.
Expenditure cuts and tax increases are problematic policies during an economic downturn because they reduce overall demand and can make the downturn deeper. So, Hawaii is closing schools, which in turn will raise less intelligent children, who will some day run the State legislatures and probably raise taxes even higher.
Changes To Hawaii Kai Street Light Project
02 years ago
by Frank
in hawaii kai
Mayor Announces Changes To Hawaii Kai Street Light Project on Lunalilo Home Road
(Friday, Sept. 18, 2009) Mayor Mufi Hannemann announced today that the City has modified plans to replace street lights on Lunalilo Home Road and elsewhere in Hawaii Kai. The changes will address community concerns while saving electricity and money.
Lights on Lunalilo Home Road will be replaced from Kalanianaole Highway to Wailua Street, using 100-watt high pressure sodium fixtures with flat lenses, rather than 150-watt fixtures as originally planned. This is expected to save $63 per light each year. Wiring will be installed under ground, as originally planned.
This will improve visibility and safety in a mixed-use area that includes Kaiser High School, a fire station, churches, a library and the Koko Marina shopping center. Trees will also be trimmed in the area to optimize street lighting effectiveness.
The planned replacement of additional lights in the mainly residential portion of Lunalilo Home Road, from Wailua Street to Hawaii Kai Drive, has been deferred until such time as the City can no longer properly maintain the existing street lighting system there. The existing overhead wiring will be retained.
Also deferred is the planned replacement of lights on Wailua Street, from Lunalilo Home Road to Keahole Street; on Keahole Street, from Wailua Street to Kalanianaole Highway; and on Hawaii Kai Drive, from Keahole Street to Kalanianaole Highway.
Hannemann informed the community of the changes during a meeting last night at the Koko Head District Park gymnasium.
He left open the possibility of revisiting the project if the community should request that. Hannemann also made it clear that he could not guarantee funding would be available in the future, however, and that there may continue to be maintenance problems with the older light systems that are not being replaced immediately.
By a show of hands, a majority of those who attended last night’s meeting approved of the plan.
Hong Kong Business Association of Hawaii (HKBAH)
02 years ago
Hong Kong Business Association of Hawaii (HKBAH)
Contact Devin Ehrig at 1 (818) 437-5074 or via email: info@hkbah.com
Join us for our Business After Hours Membership Mixer Event.
THURSDAY, JUNE 4, 2009 – 6:00PM – 8:00PM
P.F. CHANG’S – CHINA BISTRO (WAIKIKI)
Royal Hawaiian Shopping Center
2201 Kalakaua Avenue, Building A, Suite 116
(4-Hour Free Parking with Validation in the Center)
This is a great way to:
Connect with your fellow members, meet new friends and new business contacts.
Build your business network and discover what other business has to offer. Promote and showcase your business, products or services in an informal atmosphere. (Tables are limited, first come first served. RSVP is NOT required)
Find out more about the HKBAH activities and up-coming events and the Hong Kong TDC trade shows and exhibitions 2009. Help to build the HKBAH network by bringing a potential new member, if he/she joins, your event admission is FREE.
Have FUN!
Event Highlights:
No Host Cocktail, Choice of Soft Drink, Iced Tea or Coffee
Pupu:
Crispy Green Beans
Lettuce Wraps
Crab Wonton
Calamari
Live Music
Entertainment by Local
Artist
Door Prizes
THURSDAY, JUNE 4, 2009
6:00PM – 8:00PM
P.F. CHANG’S
CHINA BISTRO
(WAIKIKI)
Royal Hawaiian Shopping Center
2201 Kalakaua Avenue,
Building A, Suite 116
(4-Hour Free Parking with Validation
in the Center)
Member / Guest
Admission: $20
MasterCard
Pay at Door Visa
RSVP
For more information, contact Devin Ehrig at 1 (818) 437-5074 or via email: info@hkbah.com
Hawaii Million Dollar Homes
02 years ago
Million Dollar Homes in Hawaii
The following is a sample list of million dollar homes on Oahu that sold in the first quarter of 2009. All information is reliable but not guaranteed. From Honolulu Board of REALTORS Multiple Listing Service
The average sales price was $1,585,555 and 88 percent of the listing price. That means there is a lot of room for negotiation. On average, the condo or townhome was on the market for 149 days (days on the market or DOM).
|
Address |
Unit # |
Nbrhd |
Bldg Name |
Int SqFt |
Lanai |
BR |
FB |
HB |
YB |
LT |
Sale Price |
% LP |
$ SqFt |
DOM |
|
1177 Queen St 4409 |
4409 |
KAKAAKO |
Koolani |
1,392 |
0 |
3 |
2 |
0 |
2006 |
FS |
$1,040,000 |
95 |
$747.13 |
77 |
|
2943 Kalakaua Ave 408 |
408 |
DIAMOND HE |
Tropic Seas Inc |
918 |
214 |
2 |
2 |
0 |
1958 |
FS |
$1,050,000 |
91 |
$1,143.79 |
232 |
|
2161 Kalia Rd 602 |
602 |
WAIKIKI |
Waikiki Shore |
1,061 |
186 |
2 |
2 |
0 |
1960 |
FS |
$1,000,000 |
80 |
$942.51 |
12 |
|
1740 S Beretania St 33 |
33 |
MOILIILI |
Courtyards At Punahou |
1,938 |
232 |
2 |
2 |
1 |
1993 |
FS |
$1,100,000 |
85 |
$567.60 |
116 |
|
1177 Queen St 2602 |
2602 |
KAKAAKO |
Koolani |
1,561 |
0 |
3 |
2 |
0 |
2006 |
FS |
$1,250,000 |
84 |
$800.77 |
243 |
|
1288 Ala Moana Blvd 6C |
6C |
KAKAAKO |
Hokua At 1288 Ala Moana |
1,524 |
31 |
2 |
2 |
0 |
2006 |
FS |
$1,355,000 |
85 |
$889.11 |
286 |
|
1650 Ala Moana Blvd 4101 |
4101 |
ALA MOANA |
Yacht Harbor Towers |
2,247 |
0 |
3 |
3 |
0 |
1973 |
FS |
$1,600,000 |
84 |
$712.06 |
134 |
|
1288 Ala Moana Blvd 16A |
16A |
KAKAAKO |
Hokua At 1288 Ala Moana |
2,325 |
40 |
3 |
2 |
1 |
2006 |
FS |
$2,200,000 |
97 |
$946.24 |
53 |
|
1288 Ala Moana Blvd 28D |
28D |
KAKAAKO |
Hokua At 1288 Ala Moana |
1,981 |
38 |
2 |
2 |
0 |
2006 |
FS |
$3,675,000 |
92 |
$1,855.12 |
191 |
Medical Library Association Annual Meeting and Exhibition
02 years ago
Medical Library Association Annual Meeting Exhibition
MLA ’09 Meetings and Exhibit Hall Location will be at the Hawaii Convention Center from May 15-20. They have numerous tools online including an online planner, meeting-at-a-glance link, MLA ’09 Wiki, Blog and of course, Twitter feed. You can find restaurant info for the Friday night dine around on the blog .
Medical Library Association
The Medical Library Association (MLA) is a nonprofit, educational organization with more than 4,000 health sciences information professional members and partners worldwide. MLA provides lifelong educational opportunities, supports a knowledgebase of health information research, and works with a global network of partners to promote the importance of quality information for improved health to the health care community and the public. The Hawaii-Pacific Chapter is located in Honolulu.
Hawaii Convention Center
