Governor’s Office:Governor Ige’s Biennium Budget 2021-2023 Reflects ReductionsAt a news briefing today, Gov.
David Ige unveiled his Fiscal Biennium Budget 2021-23, which includes reductions in both the operating and capital improvements program (CIP) budgets in the next two fiscal years.
The state anticipates a $1.4 billion shortfall each year of this two-year period.Gov. Ige said, “This budget represents sudden, sharp reductions to revenues because of the pandemic’s impact on the state’s economy and the tax revenue that funds government services and programs.
Our economy will recover, and the state’s budget will normalize if we contain COVID-19, preserving the health of both residents and visitors.