BIL 159 Draft 01 2024-2026 - Laserfiche WebLink

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(6) A comparative statement of the actual revenues for the preceding two fiscal [yeah] years, and the estimated revenues for the fiscal year currently ending and the ensuing [yeas] two fiscal years. The estimated revenues for the ensuing two fiscal [yeaw] years shall be at least equal in amount to the proposed expenditures." SECTION 9. Article X, section 10-3, of the Charter of the County of Hawaii (2024 Edition) is amended by amending subsection (c) to read as follows: "(c) The mayor's message shall explain the biennial operating budget and capital budget both in fiscal terms and in terms of work to be done. It shall outline the proposed financial policies of the county for the ensuing two fiscal [yeas] years, describe the important features of the operating budget and capital budget and means of financing the budgets. It shall indicate any major changes in financial policies and in expenditures, appropriations and revenues as compared with the precedina year and the fiscal year currently ending, and shall set forth the reasons for the changes. As to the capital budget, the message shall include a list of pending and proposed capital improvements together with the mayor's comments on such list. It shall itemize and explain each pending capital improvement and each capital improvement proposed to be undertaken within the ensuing two fiscal [yeah] years, showing the estimated cost of each improvement and the pending or proposed method of financing it. The message shall also include such other supporting or explanatory material as the mayor deems desirable. The mayor's budget message which accompanies the amendments to the biennial operating budget and [te-tke] capital budget shall describe the changes in proposed expenditures and in revenue projections from the budgets which had been submitted on or before March 1 [,] of each odd -numbered year, and shall describe the intervening changes in circumstances which justify the changes in the proposed expenditures and projected revenues." SECTION 10. Article X, section 10-4, of the Charter of the County of Hawai `i (2024 Edition) is amended to read as follows: "Section 10-4. Operating Budget and Capital Budget: Notice and Hearing. The council shall hold a public hearing on the biennial operating budget and capital budget at any time after March 1 [;] of each odd -numbered year, but prior to the first reading on the budget bills. At this hearing all persons interested shall have an opportunity to be heard. At least one week before the hearing, the county council shall publish in at least two daily newspapers of general circulation in the county as well as via an electronic medium, such as the Internet, the general summaries of the biennial operating budget and capital budget and a notice setting forth the time and place for public hearing thereon and for their consideration by the council. The council shall also allow public testimony at any meeting at which the biennial operating budget or capital budget, or amendments thereto, are considered." Con