Keli'i Akina, writing in Hawaii Reporter, suggests three pivotal areas where state legislators can focus their efforts to foster a thriving business environment in 2026. Akina emphasizes the importance of fiscal discipline, advocating for the state to “hold the line on taxes,” and avoid undermining recent tax cuts through new levies. This approach aims to protect the gains made by the previous year's tax reforms and avoid budget crises that could stifle economic growth.
Akina's first recommendation resonates with the Grassroot Institute of Hawaii, as highlighted in their recent commentary. This institute advocates for responsible spending habits to safeguard the tax cuts and lower Hawaii’s cost of living, urging lawmakers to avoid excessive expenditures and new projects that increase the state's debt. The emphasis on “smart budgeting” is critical to maintaining a healthy fiscal outlook.
Secondly, Akina stresses the need to address Hawaii’s housing crisis. Building on past efforts, he encourages lawmakers to continue housing reforms, expanding transit-oriented development and streamlining building code adoption, as has been advocated by the Grassroot Institute. Implementing various reforms, such as lot-splitting and adaptive reuse of commercial buildings, could significantly increase housing stock, directly benefiting both the real estate sector and the overall economy.
Finally, the article touches on easing the regulatory burden, particularly in healthcare. By joining interstate medical licensing compacts, the state could help expand the healthcare workforce. This would allow more healthcare professionals to practice in Hawaii, improving access to care and also stimulating economic activity within the healthcare industry and the broader business community.
The legislative priorities outlined by Akina offer a practical roadmap for Hawaii's lawmakers. These recommendations align with broader economic strategies focusing on fiscal responsibility, housing reform, and thoughtful regulation. If followed, these actions could create a more stable, attractive, and accessible environment for businesses, investors, and residents alike, making 2026 a year of notable progress for the Aloha State.
