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READ: Do No Harm: How Hawaii State Government Can Mitigate the COVID-19 Economic Crisis

May 14, 2020

A new report by the University of Hawaii Public Policy Center, suggests cutting government funding will hurt our communities and compound the economic hardships brought on by COVID-19. The report emphasizes that in order to contain COVID-19, cushion the collapse of the local economy, and better position Hawaii for recovery, state government should take these urgent steps:

  1. Make emergency investments in agencies critical to the pandemic response, so that Hawaii has the capacity to identify, investigate, and contain infections before they become clusters.
  2. Stabilize but do not cut spending across state government to avoid compounding the private-sector crisis.
  3. Take full advantage of federal relief funds and the Federal Reserve’s Municipal Liquidity Facility, which can buy state bonds at historically low interest rates
  4. Develop long-term plans for surgical cuts, targeted revenue enhancements, and strategic investments to return to balanced budgeting as the economy rebounds

READ: Do No Harm: How Hawaii State Government Can Mitigate the COVID-19 Economic Crisis

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