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The Honorable Jt s Y. Arakaki <br /> June 10, 1998 <br /> Page 2 <br /> In closing, I would reiterate that the Administration will be <br /> looking closely at expenditures throughout the 1998-99 fiscal <br /> year and will be hedging fiscal resources to offset the <br /> anticipated shortfalls for the 1999-2000 fiscal year. <br /> <br /> We look forward to working with the Council as we prepare to <br /> enter the twenty first century on a sound fiscal basis. <br /> PHEN K. SHIRO <br /> Mayor, Cou of Hawaii <br /> <br />