HONOLULU — Hawaii Senate Minority Leader Sam Slom is warning fellow lawmakers he has serious concerns about the state’s economic future.

Slom, the only Republican in the 25-member Senate, cites the Council on Revenues’ recent downgraded economic forecast indicating Hawaii is in a much worse financial position than anticipated.

“Hawaii is set to go bust in 2016 unless the new governor and the state Legislature make some serious cuts,” Slom said.

The administration and Legislature will be challenged, Slom said, “in dealing with the mess resulting from kicking the can down the road for so many years.”

“The final option to deal with the problem by raising taxes is the least desirable and burdensome for the people because we are already one of the highest taxing states in the nation,” Slom said.

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