Hawaii

Rating agencies affirmed double-A-plus ratings ahead of the deal.

The extent of the damage from mudslides triggered by Hurricane Lane is yet to be determined, state officials said.

Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

State and local governments were advised Thursday to avoid imposing burdens on out-of-state e-commerce retailers that could spark a new round of litigation as they begin implementing the Supreme Court’s June 21 South Dakota v. Wayfair, Inc. ruling on sales taxes.

During a webinar Thursday moderated by the National League of Cities, officials pointed out that the South Dakota v. Wayfair, Inc. sales tax case has been remanded by the U.S. Supreme Court back to the South Dakota Supreme Court.

Congress might provide clarity by preventing states any state from imposing retroactive liability.

Moody's Investors Service deemed the state's strong May tourism numbers a credit positive.

Membership in the Streamlined Sales Tax Governing Board is voluntary, but the Supreme Court ruling may serve as an impetus for more states and e-commerce retailers to join.

The Big Island's tourism-driven economy is likely to experience short-term shocks, Fitch Ratings said.