BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111285825//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261026T110522Z DTSTART:20261029T140000 DTEND:20261030T000000 SUMMARY:Council on Revenues Meeting UID:20261026T110523Z-uidGen@fe80:0:0:0:410:d2ff:fefd:e5dd%ens5 TZID:HST LOCATION:Virtual DESCRIPTION:

NOTICE AND AGE NDA
FOR COUNCIL ON REVEN UES MEETING TO
FORECAST TOTAL PERSONAL INCOME

THURSDAY\, OCTOBER 29\, 2026
2:00 P.M.

M eeting Locations:

This meeting will be held remotely via Zoom.

Link to View a nd Testify Remotely:

The public can watch the meeting i n real time and provide testimony via the
following interactive con ference technology link:
ht tps://www.zoomgov.com/j/1656277981

Using Zoom App with the following info rmation\n
- Zoom Webinar ID: 165 627 7981
\n

By telephone w ith the following information:\n
- Webinar ID: 165 627 7981
- +1 669 254 5252 US (San Jose)
- +1 669 216 1590 US (San Jos e)
- +1 415 449 4000 US (US Spanish Line)
- +1 646 964 1 167 US (US Spanish Line)
- +1 551 285 1373 US (New Jersey)
- +1 646 828 7666 US (New York)
\n

Courtesy Physical L ocation:

The Department of Taxation will provide a cour tesy physical terminal to access the
virtual meeting at Tax Direct or&rsquo\;s Conference Room\, Princess Ruth Ke&lsquo\;elikōlani
Bu ilding\, 830 Punchbowl Street\, Second Floor\, Room 223\, Honolulu\, HI 96813.
Please contact tax.research@hawaii.gov or 587-1440 for further details.

AGENDA

Call to Order\, Public Notice\, Quor um\n

Communications t o the Council and Public Comments
\n

Public comments on issues not on the agenda will be considered for Council&rsquo\;s
a genda at the next meeting.

Discussion and Vote on the Minutes for the Council on Revenues (COR )
General Fund Forecast Meeting on September 3\, 2026

Presentation by Dr. Baybars Kar acaovali\n

Dr. Karacaovali will provide a short presentation summarizing the current total
personal income (TPI) model forecast for Calendar Years 2026 and 2027 in
comparison with other forecas ts. Calendar Year 2025 TPI forecast versus actual
will be discusse d as well. The presentation slides will be posted as part of the
m eeting materials on the Council website after the meeting.

\n< li style="margin-top: 1em\;">Discussion and Vote on the Total Pe rsonal Income Forecast for Calendar
Year 2026\n

Discussion and Vote on the Total Person al Income Forecast for Calendar
Year 2027

Scheduling of the Next Meeting for General Fund Revenue Forecast

Adjournment

HOW TO TESTIFY:
Written testimony can be emailed to the Council at tax.research@hawaii.gov or mailed < br />to Hawai&lsquo\;i Department of Taxation\, Office of Tax Research & amp\; Planning\, 830 Punchbowl
Street\, Room 220\, Honolulu\, HI 9 6813.

Oral testimon y will be accepted via the chat function or verbally using the interactive
conference technology (ICT) link provided on page 1. O ral testimony can also be made
in person using the courtesy termin al at the physical location\, as listed on page 1 of the attached PDF. P lease
note that the meeting will continue without the courtesy ter minal\, if the ICT connection of
the terminal at this physical loc ation is lost.

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

Upon requ est\, this notice is available in alternate/accessible formats.

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

NOTICE AND AGENDA
FOR COUNCIL ON REVENUES MEETING TO
FORECAST TOTAL PERSONAL INCOME

THURSDAY\, OCTOBER 29\, 2026
2:00 P.M.

\n\n

Meeting Locations:

This meeting will be held remotely via Z oom.

Link to View and Testify Remotely:

The public can wa tch the meeting in real time and provide testimony via the
followin g interactive conference technology link:
https://www.zoomgov.com/j/1656277981

\nOR

Using Zoom App with t he following information\n
- Zoom Webinar ID: 165 627 7981
\n

Webinar ID: 1 65 627 7981
+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)

Co urtesy Physical Location:

The Department of Taxation wi ll provide a courtesy physical terminal to access the
virtual meet ing at Tax Director&rsquo\;s Conference Room\, Princess Ruth Ke&lsquo\;e likōlani
Building\, 830 Punchbowl Street\, Second Floor\, Room 223 \, Honolulu\, HI 96813.
Please contact tax.research@hawaii.gov or 587-1440 for further de tails.

AGENDA

\n
\n
Call to Order\, Pub lic Notice\, Quorum
\n
Communications to the Council and Public Comments
\n
Pu blic comments on issues not on the agenda will be considered for Council &rsquo\;s
agenda at the next meeting.
\n
\n
Discussion and Vote on the Minutes for the Council on Revenues (COR)
General Fund Forecast Meeting on September 3\, 2026
\n
Presentation b y Dr. Baybars Karacaovali\n
Dr. Karacaovali will provide a sh ort presentation summarizing the current total
personal income (TP I) model forecast for Calendar Years 2026 and 2027 in
comparison w ith other forecasts. Calendar Year 2025 TPI forecast versus actual
will be discussed as well. The presentation slides will be posted as pa rt of the
meeting materials on the Council website after the meeti ng.
\n
\n
Discussion and Vot e on the Total Personal Income Forecast for Calendar
Year 2026
\n
Discussion and Vote on the Total Personal Income Forecast for Calendar
Year 2027
\n
Scheduling of the Next Mee ting for General Fund Revenue Forecast
\n
Adjournment
\n
\n
HOW TO TESTIFY:
Written testimony can be emailed to the Co uncil at tax.research@hawaii.go v or mailed
to Hawai&lsquo\;i Department of Taxation\, Office of Tax Research &\; Planning\, 830 Punchbowl
Street\, Room 220\ , Honolulu\, HI 96813.
\n
Oral testimony will be accepted via the chat function or ve rbally using the interactive
conference technology (ICT) link prov ided on page 1. Oral testimony can also be made
in person using th e courtesy terminal at the physical location\, as listed on page 1 of th e attached PDF. Please
note that the meeting will continue without the courtesy terminal\, if the ICT connection of
the terminal at this physical location is lost.
\n
HOW TO REQUEST ACCOMMODA TION:
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-
5 87-1440 as soon as possible\, preferably 72 hours or 2 business days bef ore the meeting.
Requests made as early as possible will allow adeq uate time to fulfill your request.
\n
Upon request\, this notice is available in alternate/accessible formats.
\n
MEETING MATERIALS AND OTHER INFORMATION:
Links to agendas\, minutes\, video recordings (on YouTube)\, official forecasts\, and meeting
m aterials for the Council&rsquo\;s past meetings as well as the agenda fo r the upcoming Council
meeting are posted on the Council&rsquo\;s website at https://tax. hawaii.gov/useful/a9_1cor/
END:VEVENT END:VCALENDAR