April 9, 2009 - Governor's Weekly Radio Address - Balancing the Budget Without Tax Increases

Click here to listen to this address.

Aloha,
 
As Hawai`i residents prepare to file their federal taxes on April 15th and their Hawai`i state taxes on April 20th, we are all keenly aware of how our current economic challenges are impacting families and businesses. 

My team and I have presented multiple budget alternatives that enable the Legislature to adopt a two-year, balanced budget that addresses our state's nearly $2 billion revenue shortfall. Our financial plan balances the budget without laying off state employees or raising taxes. 

Any general tax increases at this time will further damage the economy and prolong recovery. Higher taxes would be the straw that breaks the back of many local businesses. Now is not the time to take money out of the economy. 

The State Legislature has a critical choice to make. This is a time of shared sacrifice, and I am confident that when all of the alternatives are closely examined, they will select our plan, which is prudent, reasonable and fair.

Mahalo.  This is Governor Linda Lingle.