STAND. COM. REP. NO. 3473

Honolulu, Hawaii

RE: S.R. No. 118

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.R. No. 118 entitled:

"SENATE RESOLUTION REQUESTING THE GOVERNOR AND LEGISLATURE TO CONVENE A JOINT TASK FORCE TO IDENTIFY AND EXAMINE POTENTIAL SOURCES OF INCREASED REVENUE AND MEASURES TO REDUCE STATE COSTS,"

begs leave to report as follows:

The purpose and intent of this measure is to urge the Governor and Legislature to convene a joint task force to identify and examine ways that the State can increase revenue and reduce costs.

Your Committee received written comments on this measure from the Department of Taxation.

Your Committee finds that convening a joint task force to investigate potential ways the State can increase revenues and reduce costs will improve cost effectiveness and make the State more financially sound.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee concurs with the intent and purpose of S.R. No. 118 and recommends its adoption.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair