HawaiiGovernor reduces planned state reserve deposit to one dollar
The governor’s notice reduces a planned $50 million state reserve deposit to $1 for fiscal year 2026–2027.
What it does
The governor’s notice reduces the bill’s planned $50 million deposit into the state’s emergency reserve fund to $1.
Argument forKeeping nearly $50 million in the general fund could give the state more room to address housing, living costs, and other needs.
Argument againstReducing the deposit to $1 could leave the reserve fund with less money available for emergencies or drops in state revenue.
More detail
The governor reduced the planned $50 million deposit to $1. The deposit was for the Emergency and Budget Reserve Fund from state general revenues. The original appropriation was for fiscal year 2026–2027; the bill says it would take effect July 1, 2026.
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Where it stands
- Introduced
- Adopted
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 15Received.Introduced
Taxes & BudgetEmergency ManagementCriminal Justice