MEDIA RELEASE

The Council on Revenues has lowered its projections for fiscal year 2011 by 2.5 percent. Gov. Neil Abercrombie released the following statement following the announcement Thursday, March 10:

“I have presented proposals to make structural financial changes to face the ongoing economic challenges. Today’s Council on Revenues confirms my Administration’s concern that we address our fiscal crisis in a comprehensive manner. Everyone must do their share.

“We have to come to grips with how we’re going to deal with this growing deficit. It will take all of us to share in the sacrifices and make the tough decisions to get Hawaii back on the right course.”