THE SENATE

KA ‘AHA KENEKOA

INTERIM OF 2025

COMMITTEE ON WAYS AND MEANS

Senator Donovan M. Dela Cruz, Chair

Senator Sharon Y. Moriwaki, Vice Chair

NOTICE OF INFORMATIONAL BRIEFING

DATE:	Wednesday, January 7, 2026
TIME:	10:00 AM
PLACE:	Conference Room 211 & Videoconference State Capitol 415 South Beretania Street

PHOTO ID REQUIRED FOR ENTRANCE TO THE STATE CAPITOL

BUILDING HOURS: 7AM TO 5PM, MONDAY - FRIDAY

A live stream of all Senate Standing Committee meetings will be available on the Senate YouTube Channel.

A G E N D A

Economic Outlook (Briefing Materials)

Jennifer Chun – Acting Economic Research Administrator, Research and Economic Analysis Division, Dept. of Business, Economic Development and Tourism

Ms. Chun will present the current and future economic outlook for the State of Hawaii.

Carl Bonham, Ph.D – Executive Director, University of Hawaii Economic Research Organization (UHERO) and Professor of Economics

Dr. Bonham will discuss UHERO’s recently released Annual Hawaii forecast.

Revenue Collections and Projections (Briefing Materials)

            Baybars Karacaovali, Ph.D – Tax Research and Planning Officer, Dept. of Taxation

Dr. Karacaovali will brief the Committee on the revenue collections and projections from the council on revenues.

Department of Taxation (Briefing Materials)

            Compliance                                                                                                 TAX 100

            Tax Collection Services Office                                                                      TAX 103

            Tax Services and Processing                                                                       TAX 105

            Supporting Services – Revenue Collection                                                    TAX 107

Administration Financial Plan (Briefing Materials)

            The Department of Budget and Finance will brief the Committee on the administration’s financial plan.

No public testimony will be accepted.

For special assistance: The cable TV broadcast and/or live stream of this meeting will include closed captioning. If you need an auxiliary aid/service or other accommodation due to a disability, please call the committee clerk at the telephone number listed below or email WAMcommittee@capitol.hawaii.gov. Requests made as early as possible have a greater likelihood of being fulfilled.

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6800.

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Senator Donovan M. Dela Cruz

Chair

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Senator Ronald D. Kouchi

President of the Senate