Meeting Locations:

• The public can watch the meeting in real time and provide testimony via the
  following interactive conference technology link:
  https://www.zoomgov.com/j/1656200551?pwd=XNSHp7aO3anuO1rdwPpEFMQpQdvmk2.1

• Using Zoom App with the following information
  • Zoom Webinar ID: 165 620 0551
  • Passcode: 202183

• By telephone with the following information:
  • Webinar ID: 165 620 0551
  • Passcode: 202183
  • +1 669 254 5252 US (San Jose)
  • +1 669 216 1590 US (San Jose)
  • +1 415 449 4000 US (US Spanish Line)
  • +1 646 964 1167 US (US Spanish Line)
  • +1 551 285 1373 US (New Jersey)
  • +1 646 828 7666 US (New York)

• The Department of Taxation will provide a courtesy physical terminal to access the
  virtual meeting at Tax Director’s Conference Room, Princess Ruth Ke‘elikōlani
  Building, 830 Punchbowl Street, Second Floor, Room 223, Honolulu, HI 96813.
• Please contact tax.research@hawaii.gov or 587-1440 for further details.

AGENDA

1. Call to Order, Public Notice, Quorum
2. Communication to the Council and Public Comments
   

   Public comments on issues not on the agenda will be considered for Council’s
   agenda at the next meeting.

3. Discussion and Vote on the Minutes for the Council on Revenues (COR)
   Meeting on July 30, 2026
4. Presentation by Dr. Baybars Karacaovali

   Dr. Karacaovali will provide an informational presentation regarding Major Tax
   Collections and the General Fund Tax Revenues for Fiscal Years 2024-2026 and
   major tax law changes in 2026. He will also provide the current general fund model
   forecast based on member inputs and COR’s previous official forecast. The
   presentation slides will be posted as part of the meeting materials on the Council
   website after the meeting.

5. Discussion and Vote on the General Fund Tax Revenue Forecast for Fiscal
   Year 2027
6. Discussion and Vote on the General Fund Tax Revenue Forecast for Fiscal
   Year 2028
7. Discussion and Vote on the General Fund Tax Revenue Forecast for Fiscal
   Years 2029 through 2033
8. Report by the Department of Budget & Finance on Other Revenues
9. Scheduling the Next Meeting for the Total Personal Income Forecast
10. Adjournment

HOW TO TESTIFY:
Written testimony can be emailed to the Council at tax.research@hawaii.gov or mailed
to Hawai‘i Department of Taxation, Office of Tax Research & Planning, 830 Punchbowl
Street, Room 220, Honolulu, HI 96813.

HOW TO REQUEST ACCOMMODATION:
Persons who need an auxiliary aid/service or other accommodation due to a disability,
please contact Office of Tax Research & Planning at tax.research@hawaii.gov or 808-
587-1440 as soon as possible, preferably 72 hours or 2 business days before the meeting.
Requests made as early as possible will allow adequate time to fulfill your request.

Upon request, this notice is available in alternate/accessible formats.

Oral testimony will be accepted via the chat function or verbally using the interactive
conference technology (ICT) link provided on page 1. Oral testimony can also be made
in person using the courtesy terminal at the physical location, as listed on page 1. Please
note that the meeting will continue without the courtesy terminal, if the ICT connection of
the terminal at this physical location is lost.

MEETING MATERIALS AND OTHER INFORMATION:
Links to agendas, minutes, video recordings (on YouTube), official forecasts, and meeting
materials for the Council’s past meetings as well as the agenda for the upcoming Council
meeting are posted on the Council’s website at https://tax.hawaii.gov/useful/a9_1cor/