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• The outlook for the County in the construction sector appears better than the overall state <br /> in 2010 as the Big Island witnessed a 36%gain from last year. Construction and <br /> employment on the Big Island will benefit from a new Target and a mega-Safeway store <br /> that is projected to generate approximately 500 new jobs. <br /> • Another upcoming boost to the County's economy is the selection of the Mauna Kea <br /> summit over Chile for the Thirty Meter Telescope by the TMT Observatory Corporation. <br /> It is projected that construction will span over nine years resulting in 300 construction <br /> jobs and 140 full-time permanent jobs. <br /> These factors were considered in preparing the County's budget for the 2011 fiscal year. <br /> At the end of the current fiscal year,unreserved fund balance in the general fund was$31.4 <br /> million. The County has appropriated$14.3 million of this amount for spending in the 2011 <br /> fiscal year budget. <br /> REQUESTS FOR INFORMATION <br /> This financial report is designed to provide a general overview of the County's finances for all <br /> those with an interest in the government's finances. Questions concerning any of the information <br /> provided in this report or requests for additional information should be addressed to the Director <br /> of Finance,County of Hawaii,25 Aupuni Street, Suite 2103,Hilo,Hawaii 96720. <br /> -23 - <br />