$50M deposit proposed for Hawaii’s state ‘rainy day’ fund

$50M deposit proposed for Hawaii’s state ‘rainy day’ fund

The forecast for state finances earlier this year at the Legislature was pretty cloudy, but Hawaii lawmakers guiding spending now want to reserve $50 million in revenue for a future rainy day. Representatives of House and Senate committees overseeing state finances recently agreed to deposit $50 million into the state’s Emergency and Budget Reserve Fund, also known as the “rainy day” fund. The move, if approved by the full House and Senate and e…