Hawaii House Agrees On $10.9 Billion Budget
The House Finance Committee advanced their version of a state budget on Wednesday, cutting funding for many of Gov. Neil Abercrombie's proposals and calling for $10.98 billion in spending in fiscal 2012 and $10.97 billion in fiscal 2013.
While the House version grows spending by 6 percent over the current year's budget, it's still 4 percent smaller than the $11.4 billion budget the governor proposed last month for the 2012 fiscal year.
Here's a look at House Bill 200's budget plan next to Abercrombie's budget:
|Fiscal Year||Abercrombie Budget||House Finance Budget|
|2011||$10.24 billion||$10.24 billion|
|2012||$11.4 billion ($5.7 billion general funds)||$10.98 billion ($5.45 billion general funds)|
|2013||$11.3 billion ($5.9 billion general funds)||$10.97 billion ($4.94 billion general funds)|