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July 26, 2009

Hawaii "Better Off" Than Most States

Nationwide, stung by the drop in revenue collections because of the recession, states had to close a $142.6 billion shortfall in budgets for fiscal year 2010, according to a new report by the National Conference of State Legislatures. Eight states missed budget deadlines on July 1 and scrambled to pay state workers and bills while rushing to patch holes that may grow larger if the economy does not improve.
--Honolulu Advertiser

Governor Linda Lingle suggested that other states' economic situation may be far worse than Hawaii's. For example, in California, state workers are furloughing two days per month and Gov. Schwarzenegger is asking for a third furlough day. We should just be happy and remember all that we have is a blessing.

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