COM 0140.033 2000-2002 - Laserfiche WebLink

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~~sv y~ Harry Kim ~ Dixie Kaetsu Mayor Managing Dtrector Peter T. Young °i'•., » :~'s`` Deputy Managing Director ~tf OR •N!'dti County of ~Ia~vai`i 25 Aupuni Street, Room 215 • Hilo, Hawaii 96720 (808)961-8211 • Fax (808)961-6553 May 4, 2001 The Honorable Chairman James Y. Arakaki and Members of the County Council County of Hawaii Hilo, HI 96720 Dear Chairman Arakaki and Council Members: Pursuant to Section 10-2(a) of the Hawaii County Charter, the amended Operating Budget for the Fiscal Year (FY) 2001-02 is hereby submitted for your consideration. The Operating Budget totals $196,150,529, an increase of $20,381,037, or 11.6% over the current fiscal year's budget. It is $2,628,718 more than what was presented to you on March 1, 2001. You will find after reviewing this amended budget that our primary focus continues to be in maintaining services in all districts of the Big Island and addressing important health and safety needs of our residents. I also feel very strongly that we must improve the efficiency of government and extend more services to the neediest of our population, particularly to persons with disabilities and those living in isolated rural communities. It is my belief that this amended budget will move us in this direction. The highlights of our budget changes follow. IRBVEIVIJLS The increase of $2,628,718 from our March submittal is primarily the result of a revised projected increase in Real Property Taxes, amounting to $2,211,500. This increase in real property tax revenues reflects the net taxable valuations as certified by the Real Property Tax Administrator. We have also increased the estimate of the Public Utilities Franchise Tax by $500,000, and adjusted the Fuel Tax estimates downward. Net tax revenues is estimated to increase by $2,491,372. all0 ~ ~ " ~ . ~ Comm. No, ~ ~ 3 File No. COVNC~~ ~fx To: