Hawaii Home Frank Diaz

Furlough Won’t Affect Hawaii Charter Schools

The two-year contract covers school years 2009-2010 and 2010-2011. Beginning October 23, approximately 13,000 non-charter school teachers (including 575 12-month teachers) at 256 schools will begin taking furlough days. The official non-charter school enrollment for the 2009-2010 school year is 170,830 students, including 153,398 in regular education and 17,432 in special education. The furlough days are not applicable to public charter schools.

Chart School Enrollment Total =7819 according to the DOE website

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Tags: furlough, hawaii schools, schools, taxes

Hawaii Budget Shortfall Forecast Worsens

Filed in Honolulu Economy, honolulu hawaii |

Hawaii Budget Shortfall Forecast to Increase Next Year

How low can you go?

• At least 48 states have addressed or still face shortfalls in their budgets for fiscal year 2010 totaling $168 billion or 24 percent of state budgets.
• An unusual number of these states are still struggling to balance their 2010 budgets two months after the start of the fiscal year. Three states — Arizona, Michigan, and Pennsylvania — have not yet adopted budgets for 2010. In addition, new shortfalls have opened up in at least 15 of the states that have adopted budgets — California, Colorado, Georgia, Hawaii, Kansas, Kentucky, Maryland, New Mexico, New York, Rhode Island, Utah, Vermont, Virginia, Washington, and Wyoming — plus the District of Columbia . These additional gaps — some of which have already been addressed— totaled $28 billion.
• Source: Center on Budget and Policy Priorities

The real news is that if, as is widely expected, the economy does not begin to significantly recover until the some time in calendar year 2010 and unemployment remains high through 2010, state shortfalls are likely to be even larger in fiscal year 2011 (which begins in July 2010 in most states).

To make matters worse, the Hawaii State Government is trying to pass along tax increases, in the form of higher transient accommodation taxes, among other things.

Among other increases, legislators approved three additional income tax brackets on top of the current nine, taking the top income tax rate from 8.25 percent to a whopping 11 percent. Hawaii now has the highest state income tax rate in the country and more tax brackets than any other state.

Another tax increase targets the state’s most important, and already struggling, industry: tourism. With hotel occupancy at a record low, the legislature raised the “transient accommodations” tax on hotel rooms from 7.25 to 9.25 percent—a 28 percent increase.

Expenditure cuts and tax increases are problematic policies during an economic downturn because they reduce overall demand and can make the downturn deeper. So, Hawaii is closing schools, which in turn will raise less intelligent children, who will some day run the State legislatures and probably raise taxes even higher.

Tags: Honolulu Economy, taxes

East Oahu Short Sales Townhomes Condos

East Oahu Short Sales Townhomes Condos for September 24

Diamond Head Beach Hotel, Hale Kulanui, Hale Kulanui, Ilikai Marina, Kaioo Terrace, Rosalei, University Court Apartments, Waikiki Imperial Apartments

Address	Unit #	Nbrhd	Bldg Name	Int SqFt	Lanai	BR	FB	HB	YB	LT	List Price	$ SqFt	DOM
1867 Kaioo Dr 209	209	WAIKIKI	Kaioo Terrace	448	0	1	1	0	1978	LH	$60,000	$133.93	112
1867 Kaioo Dr 110	110	WAIKIKI	Kaioo Terrace	448	0	1	1	0	1970	LH	$75,000	$167.41	298
2947 Kalakaua Ave 502	502	DIAMOND HE	Diamond Head Bch Hotel	359	43	0	1	0	1969	LH	$180,000	$501.39	157
1914 University Ave 208	208	MANOA-LOWE	University Court Apts	521	75	1	1	0	1962	FS	$205,000	$393.47	21
445 Kaiolu St 402	402	WAIKIKI	Rosalei Ltd	477	90	1	1	0	1955	FS	$210,000	$440.25	79
445 Kaiolu St 906	906	WAIKIKI	Rosalei Ltd	456	90	1	1	0	1955	FS	$215,000	$471.49	186
225 Liliuokalani Ave 7C	7C	WAIKIKI	Waikiki Imperial Apts	680	0	1	1	0	1961	FS	$229,000	$336.76	95
2740 Kuilei St 706	706	MOILIILI	Hale Kulanui	541	0	1	1	0	1975	FS	$250,000	$462.11	11
1765 Ala Moana Blvd 1180	1180	WAIKIKI	Ilikai Marina	651	28	1	1	0	1968	FS	$449,000	$689.71	158
1765 Ala Moana Blvd 1190	1190	WAIKIKI	Ilikai Marina	651	28	1	1	0	1968	FS	$449,000	$689.71	158
1765 Ala Moana Blvd 1480	1480	WAIKIKI	Ilikai Marina	651	28	1	1	0	1968	FS	$449,000	$689.71	158
2781 Kapiolani Blvd 202	202	KAPIOLANI	Kaimuki Parkside	1,222	247	4	2	0	1990	FS	$450,000	$368.25	51
444 Lunalilo Home Rd 902	902	WEST MARIN	Kaimala Marina	1,282	344	3	2	1	1972	FS	$460,000	$358.81	71

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Tags: Diamond Head Beach Hotel, Hale Kulanui, Ilikai Marina, Kaioo Terrace, Rosalei, University Court Apartments, Waikiki Imperial Apartments

Hawaii Homes Diamond Head Beach Hotel, Hale Kulanui, Ilikai Marina, Kaioo Terrace, Rosalei, University Court Apartments, Waikiki Imperial Apartments

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