HONOLULU — With the wrangling over the state budget complete, Hawai‘i is poised to infuse more than $3 billion worth of construction projects into the economy over the next year.
Lawmakers agreed to add about $430 million in new bond financing for capital and repair and maintenance projects, allotting a total of $825 million in general obligation bonds for the year that starts July 1. The added funding was a compromise between the $500 million the Senate envisioned and the $300 million the House and Gov. Neil Abercrombie had proposed for CIP.
Read the whole story at Civil Beat.
• Honolulu Civil Beat is an online news source serving Hawai‘i. Read more at www.civilbeat.com.