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Hawaii House advances $12.1 billion state budget

March 12, 2014 - 1:36pm

HONOLULU — The Hawaii House has approved a $12.1 billion state budget for the next fiscal year, meeting a legislative deadline to pass a budget bill on to the Senate.

House Finance Committee Chairwoman Sylvia Luke said Wednesday the chamber was conservative in its approach to prolong economic stability.

The state Council on Revenues says the money the state expects to reel in over the next five years may be lower than expected.

State Finance Director Kalbert Young says revenue growth may be slowing because there has been a lot of growth in the last two years. He says that can’t last forever.

House Finance Committee Chairwoman Sylvia Luke said the lawmakers crafted their version of the budget without knowing the revised projections.