Rep Ward addresses the state budget – May 3, 2012


Rep Ward addresses the state budget – May 3, 2012

Hawaii’s fiscal year begins July 1 and runs through June 30. This is different from the Federal Fiscal year with runs from October 1 and ends September 30.

The total operating budget for FY 2012 is $10.8 billion.

The Department of Budget and Finance outlines the State budget process as such:

“The Governor shall submit a six-year program and financial plan, budget, and program memoranda to the Legislature in each odd-number year. The six-year program and financial plan and the budget are usually combined in a single document.

The budgets of the judicial and the legislative branches are submitted by their respective leaders to the Legislature for its consideration.

In each regular session in an even-numbered year, the Governor may submit to the Legislature a bill to amend any appropriation for operating expenditures of the current fiscal biennium, to be known as the supplemental appropriations bill.

Contact: Repward@capitol.hawaii.gov Excerpt from Capitol TV

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