Welcome to the Monday afternoon edition of “Hawaii News Digest”–Hawaii State News. Views expressed in this Hawaii News summary are those of the reporters and correspondents. Topics cited in this post come from today’s issue of “Hawaii Business News”, published in Honolulu, Hawaii.
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TOP STORIES Fighting climate change will cost the state millions
Lawmakers will be considering over the next few months how much of the state’s $34 billion biennium budget should be spent on a litany of issues facing the islands as a result of global warming. The state Department of Land and Natural Resources says money is urgently needed to protect beaches, watersheds, native species and more. Civil Beat.Hawaii Business.Star-Advertiser.
Brennon Morioka Picked as UH’s Dean of Engineering
The HECO executive was previously deputy executive director for the Honolulu Authority for Rapid Transportation and formerly director of the state Department of Transportation. His appointment must be approved by the UH Regents at their Jan. 31 meeting. UH News.
State pension fund shortfall at $13.4B
The shortfall in Hawaii’s largest public pension fund, the Employees’ Retirement System, climbed to an all-time high of $13.41 billion last year and is expected to keep rising until 2024. It will take 25 years, until June 30, 2043, before the pension is 100 percent funded. Star-Advertiser.
Report: Hawaii could recover $38M lost to corporate tax loopholes
Reforms to end corporate tax loopholes in Hawaii could reduce lost tax revenue and bring in an additional $38 million to the state, according to a new report released on Friday by The Institute on Taxation and Economic Policy. Maui Now.
State sells affordable housing at discount
State officials recently agreed to sell a collection of low-income housing to a private developer for less than originally planned, after an examination of the more than 1,200 rental homes showed a need for substantial renovations. Star-Advertiser.
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