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Condo Owners Are Starting To Feel The Pain From Rising Insurance Costs - Vimarsana News

Condo Owners Are Starting To Feel The Pain From Rising Insurance Costs

Gov. Josh Green has created an advisory team to work on ways to stabilize the market which has been battered by climate-related catastrophes.

Exodus of Hawaii residents cost the state $185 million in tax revenue - Vimarsana News

Exodus of Hawaii residents cost the state $185 million in tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

Source: kitv.com
Exodus of Hawai'i residents since 2020 results in $185M in lost tax revenue to the state : Maui Now - Vimarsana News

Exodus of Hawai'i residents since 2020 results in $185M in lost tax revenue to the state : Maui Now

According to Seth Colby, Department of Taxation research and planning officer, outmigration since 2020 has resulted in the loss of $185 million in general excise taxes and state income taxes, or approximately $61.8 million per year. To place that amount into context, one percentage point of the Council on Revenues forecast, which determines how much can be spent on the state budget, represents approximately $100 million.         

Exodus of Hawaii residents costs the state $185 million in tax revenue - Vimarsana News

Exodus of Hawaii residents costs the state $185 million in tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

Source: kitv.com
Exodus of Hawaii residents cost the state $185 million in lost tax revenue - Vimarsana News

Exodus of Hawaii residents cost the state $185 million in lost tax revenue

The ongoing departure of residents of Hawai’i is draining the state’s tax base. According to a research and planning officer at the Department of Taxation, Seth Colby, outmigration since 2020

Source: kitv.com