City and County of Honolulu Fiscal Year 2025 Budget Communication #3
BudgetMore budgets from Honolulu
- Budget
The Hawaii Department of Budget and Finance prepared the FY 2023-25 Executive Biennium Budget document in December 2022, which provides a comprehensive overview of the state's projected revenues and expenditures across state departments and agencies. Tax revenues are projected to grow from $9.36 billion in FY 2022 to $12.31 billion by FY 2029, with total general fund revenues estimated at approximately $11.52 billion for FY 2025. The budget document includes detailed summaries and highlights for 23 state departments and offices, organized by operating and capital investment budgets, reflecting Governor Josh Green's commitment to transparency and accountability in state financial planning.
AI summary
Honolulu City Council passed Ordinance 19-13, establishing the executive operating budget and program for fiscal year July 1, 2019 to June 30, 2020, with total revenues of approximately $3.45 billion appropriated across multiple operating funds. The budget allocates funds across numerous departments and special funds, including the General Fund ($1.99 billion), Highway Fund ($316.7 million), Sewer Fund ($390.2 million), Bus Transportation Fund ($269.9 million), and various other municipal operations such as parks, solid waste, and community development programs. The ordinance outlines revenue sources and interfund transfers to support general government functions, public services, and federal grant-funded activities throughout the city and county.
AI summary
- Budget
The Honolulu Office of Council Services prepared the 2025 Status of the City's Finances report to provide the City Council with details on FY 2024 operating and capital budget performance. For FY 2024 (ending June 30, 2024), actual general fund revenues exceeded budgeted amounts by $13.3 million, with notable variances including a $31.2 million surplus in investment pool returns and a $92.2 million shortfall in HART debt service recovery, while the largest departmental appropriation lapse was $14.95 million in the Honolulu Police Department's Patrol activity.
AI summary