REP FC 077 2025-08-05 2024-2026 - Laserfiche WebLink

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FC-16 Page 2 Finance Committee Meeting of June 17, 2025 August 5, 2025 Finance Director Diane Nakagawa, Real Property Tax Assistant Administrator Keita Jo, and Deputy Corporation Counsel Keyra Wong were available for questions. Committee Member Matt Kaneali`i-Kleinfelder proposed an amendment via Communication No. 203.1, and explained that the amendment, if approved, shifts the responsibility from the RPT Division to the Homeowners Association (HOA), and enable the RPT to have more flexibility in streamlining the process and provide an easier transition into processing these credits. Mr. Jo acknowledged that Mr. Kaneali`i-Kleinfelder did address some of the RPTs concerns, but some key issues still need to be resolved for it to be viable. Committee Members expressed ongoing concerns about the bills implementation and its potential benefits to all subdivisions rather than just a small central area. Committee Member Jenn Kagiwada shared her concerns that the bill would only help one district and not all nine. Mr. Jo pointed out that most subdivisions would be in Puna. Mr. Kaneali`i- Kleinfelder responded that the Puna area falls under three districts. Ms. Kagiwada said she would not support this bill in its current form because she believes there are many more critical issues to address. Acting Committee Chair James E. Hustace asked about backlash from the Homeowners Associations that don't want to reveal how they use their funds. Mr. Kaneali`i-Kleinfelder responded that he was unsure of any future backlash but hopes the bill will encourage HOAs to be accountable and responsible with their residents money and maintain honest bookkeeping. Ms. Wong stated that more time was need to address issues within the bill. The proposed amendment via Communication No. 203.1 was withdrawn by Mr. Kaneali`i-Kleinfelder. Bill No. 38 was postponed to July 8, 2025. Finance Committee Meeting of July 8, 2025 Real Property Tax Administrator Lisa Miura was present for questions. Committee Member Matt Kaneali`i-Kleinfelder thanked the Committee for another opportunity to discuss this matter and proposed an amendment via Communication 203.5, which would lower the minimum qualifying annual payment and would then expand eligibility by 460 parcels. Committee Member Jenn Kagiwada reiterated her concerns for RPT staff and their workload but was in support of this amendment. Bill 38 was amended with the contents of Communication 203.5, which was approved with eight "ayes," with Acting Chair James Hustace voting in opposition. Mr. Kaneali`i-Kleinfelder proposed another amendment via Communication No. 203.6, to address some simple housekeeping measures for the solar portion of this chapter and addresses some of the concerns that the administration brought forward that shifts the reporting back to the HOAs. FC Report No. 77