HONOLULU (HawaiiNewsNow) - A new budget study from the Hawaii Appleseed Center for Law and Economic Justice shows that the state is spending the most money on human services.
But those who likely need the services the most are also paying the most in taxes. And economic analysts believe Hawaii is poised to enter a mild recession.
“U.S. job growth ahs really weakened, and then the same thing is true for Hawaii,” said Carl Bonham, executive director of the University of Hawaii Economic Research Organization.
Related post: UHERO report: Slowing tourism, tariff-fueled inflation push Hawaii closer to recession
It’s a domino effect all the way from Washington D.C. UHERO said decision on U.S. trade policies have triggered inflation, leading to a slowdown in Hawaii tourism.
Federal funding c