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<br /> <br /> <br />Page 18 <br />1 <br />some terrific points here. What I might add to that is <br />2 <br />there will be down times. Most economists right now <br />3 <br />throughout the U.S., including the leading economist <br />4 <br />from the State of Hawai ʻ i, are calling for a slowdown. <br />5 <br />And so, there might be times, as there were in the past, <br />6 <br />where pay raises are just impossible, given the income <br />7 <br />stream from the failing economy or slowdown in the <br />8 <br />economy. <br />9 <br />So, therefore, calling it something like <br />10 <br />"cost of living," and tying that to, say, a trailing <br />11 <br />one or two years inflation rate would account for <br />12 <br />slowdowns. And then we would have our meetings and be <br />13 <br />able to discuss on that basis. So, we wouldn't have a <br />14 <br />single number, but it would be flexible to allow for <br />15 <br />times of a slowdown. <br />16 <br />MR. MEDINA: Can I ask a question? Because I <br />17 <br />don't know the answer. And that is, if we submit salary <br />18 <br />recommendations and, budgetarily, they are not able to <br />19 <br />be acted upon, so then what mechanism is in place, <br />20 <br />then, to decide where -- I mean, does it come back to <br />21 <br />the Commission, and then we rethink it and then submit <br />22 <br />it, or do they figure out what is going to get approved <br />23 <br />and what is not going to get approved? <br />24 <br />CHAIR: As Mayor Harry said at our last <br />25 <br />meeting, they have to find the money; so, if we <br /> <br />ISLAND COURT REPORTING & TRANSCRIPTION SERVICES <br />(808) 933-9800 <br /> <br />