Council on Revenues meets this week

The Hawaii Council on Revenues will meet this week Thursday, May 27th at 2 p.m. The COR will provide an update on the revenue forecast for this fiscal year through 2016. If you are following the Council's projections, you may want to read the last projections from March 2010 as a comparison. The report is here.

Each percentage point change is about $45 million in tax revenues. In March, the COR predicted:

2010 (-2.5%)

2011 (+6.0%)

2012 (+6.0%)

2013 (+6.0%)

2014 (+6.0%)

2015 (+5.0%)

2016 (+5.0%)