The Hawaii Council on Revenues voted today to keep its economic growth predication at 12 percent for the current fiscal year.
Hawaii News Now reports:
Council member Marilyn Niwao said she would feel more comfortable lowering the revenue projection to 11.5 percent.
“There’s a good possibility it will be less than 12 percent,” she said.
Niwao said she sees problems in construction and a cutback in federal funds.
Back in March, the council upgraded its forecast from 11.5 percent to 12 percent, citing an improving economy led by rebounding tourism.
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