Office of the Governor – Press Release – Governor.Iger heads to San Francisco for bond rating conference
Posted on September 30, 2022 in Latest Departmental News, Newsroom, Governor’s Office of Press Releases
Honolulu – October 1, 2022, Government. David Ige will travel to San Francisco for a series of meetings with credit rating agencies. The governor and his team members are working to secure favorable bond ratings that will allow the state to borrow at the lowest possible rates.
Any savings from reduced interest payments will result in more general fund money being available for affordable housing, education, health and other important state programs. The state seeks funding primarily for new capital improvement projects.
Also traveling with the Governor are Treasurer Craig Hirai, Secretary of Commerce, Economic Development and Tourism Mike McCartney, Secretary of Budget and Finance Rod Becker, and the state’s chief economist Dr. . Eugene Tian, from the Department of Business, Economic Development and Tourism.
The team is meeting with representatives from Moody’s and Standard & Poor’s.
Governor Iger plans to return to Honolulu in October. May 5, 2022. Governor Josh Green will serve as acting governor, while the governor. Eagle is out of town.