Hawaii Ordinance Adopting the Budget
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FAQ
8 key budgeting process steps Review the previous period. Calculate existing revenue. Set out fixed costs. List variable costs. Forecast extra spending. Scrutinize cash flow. Make business decisions. Communicate it clearly.
What Does it Take for a Bill to Become a Law in Hawaii? Be introduced. Be introduced by a legislator (Representative or Senator) ... Committee hearings. Successfully pass through all the committees the House and Senate leadership refer it to. ... Floor votes. ... Final agreement. ... Enactment. ... Deadlines.
After the bill passes its third and final reading, the bill is presented to the mayor for a signature. If the bill is not vetoed by the mayor, it becomes an ordinance and joins the existing code of law for the City, the Revised Ordinances of Honolulu (ROH).
Phases: budget preparation, budget legislation or authorization, budget execution or implementation and budget accountability. While distinctly separate, these processes overlap in implementation during a budget year.
The state of Hawaii runs its budget on a two-year fiscal biennium that's submitted by the Governor to the Hawaii State Legislature during odd-numbered years, with course-corrections submitted during the intervening years via a supplemental budget.
The House and Senate create their own budget resolutions, which must be negotiated and merged. Both houses must pass a single version of each funding bill. Congress sends the approved funding bills to the president to sign or veto.
Under the American Rescue Plan, Hawaii will receive $1.6 billion in direct state fiscal aid and $472 million in local government aid from the federal government.
Hawaii Governor Josh Green signed the state's biennial fiscal 2024-2025 budget into law on June 30, following a series of line-item reductions and vetoes. The enacted budget provides for total spending of $19.0 billion in fiscal 2024 and $18.2 billion in fiscal 2025.