Tom Yamachika: Vote, But Also Vote For Strong Economic Leadership
Hawaii needs good, courageous leaders to get us out of the economic mess we are in.
October 11, 2020 · 3 min read
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Recently, the University of Hawaii announced that it was going to take steps to combat the anticipated budget shortfall caused by our economic shutdown and the consequent drop in tax revenues.
Effective Nov. 1, it will be paying its executive and managerial employees . Most of these employees, including chancellors, deans and some directors, will see a reduction of 9.23%. If after that reduction the employee is making more than $200,000, the portion over $200,000 will be further reduced by 11%.
University of Hawaii President David Lassner is taking a 20% hit to his own salary, which is now $395,004.
Those reductions are forecasted to save $2.2 million in fiscal year 2020-2021, and $3.4 million per full fiscal year that the reductions remain in effect.
That is an example of leadership in the face of the COVID-19 crisis we all face.
In the meantime, state lawmakers and the governor are proposing for all state workers (except perhaps for first responders), which would if implemented save the state 10% of payroll costs. The furloughs are proposed to last for four years, which is how long it is forecasted to take before state government revenues reach pre-pandemic levels.
As expected, the government worker unions are not expected to take this lying down.
鈥淵our negotiations team met last night to discuss these developments and stands ready to advocate strongly for you at the bargaining table in the weeks ahead,鈥 one of them .
‘Other Options’
In less than a month, the votes of the people of Hawaii will be counted and we will have a freshly elected set of people to represent us both in our state Capitol and in Washington, D.C. These folks will be considering the furloughs and 鈥渙ther options鈥 when the 2021 legislative session starts up in January.
鈥淥ther options鈥 will naturally include taxes, or 鈥渞evenue enhancement鈥 as some politicians would say.
One option that has been actively talked about is suspension of general excise tax exemptions, similar to the two-year program that was in effect between the middle of 2011 and the middle of 2013. The Legislative Auditor鈥檚 office saw fit those same exemptions, using 2018 data, in its Report No. 20-05. That way, lawmakers can picture how much extra money may come in if they decide to suspend the exemptions again.
There are a number of takeaways for you as a voter.
No. 1聽鈥 Vote.
No. 2 鈥 Vote for people who you think will represent your interest as a taxpayer in the bloody battles 鈥 um, I mean deep policy discussions 鈥 that are sure to arise. The public worker unions will have representatives. You as a taxpayer should have one too.
No. 3 鈥 Vote for people who you think will exercise sound and independent judgment when they are being called to take the votes that come out of those deep policy discussions.
No. 4 鈥 Vote for people who you think will exercise true leadership to get us out of the economic mess we are in.
Such as that which has been shown at the University of Hawaii.
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