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REPORT OF TIIE <br /> COMMITTEE ON FINANCE <br /> DATE: April 17, 2001 Re: Comm. No. 140/Bill No. 38 <br /> PLACE: Councilroom <br /> TIME: 10:06 A.M. <br /> Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 38, reports as follows: <br /> Bill No. 38, transmitted by Mayor Harry Kim, via Communication No. 140, dated March 1, 2001, submits the <br /> Operating Budget for the County of Hawaii for the fiscal year July 1, 2001 to June 30, 2002. <br /> The proposed budget totals $193,521,81 1, an increase of $17,752,319 or 10.1 percent above the current fiscal year's <br /> budget. The majority of cost increases are due to negotiated and arbitrated wage increases; a $7.3 million increase in <br /> <br /> the ERS contribution; a $1.3 million increase in health fund costs; and rising fuel and electricity costs. <br /> Revenue projections include (1) a real property tax increase of $9,846,000, due to a projected 7.2% growth in real <br /> property values, and the anticipated settlement of delinquent taxes; (2) the receipt of real property taxes through the <br /> public service company tax. Although the County revenue is anticipated to be more than $4 million, legislative <br /> <br /> approval is required; and (3) increases in police and public housing grants and TAT collections account for an increase <br /> in intergovernmental revenue. <br /> Your Committee originally reviewed the Operating Budget on March 28-30, 2001 at the departmental program and <br /> reviews. The County Council also held public hearings in Hilo on March 19, 2001 and Kona on March 2l, 2001. <br /> Your Committee voted in favor of approving Bill No. 38 with recommended amendments for inclusion in the Mayor's <br /> <br /> amended budget. Due to time constraints, the recommendations will be sent directly to the Mayor via a separate <br /> <br /> communication from the County Council. However, should the Mayor choose to not include the Committee's <br /> recommendations within his amended budget, the Council, pursuant to Article X, Section 10-5, Hawaii County <br /> <br /> Charter, may adopt the operating budget as amended with or without further amendment. <br /> Recommended amendments are included upon Comm. No. 140.28, from Council Chair James Y. Arakaki, dated April <br /> 16, 2001; Comm. No. 140.29, from County Clerk AI Konishi, dated April 17, 2001; Comm. No. 140.30, from Council <br /> Member Nancy Pisicchio, dated April 19, 2001; and Comm. No. 140.31, from Council Member J. Curtis Tyler 111, <br /> dated April 27, 2001. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 38 and transmits it to Council with <br /> recommendations. <br /> Ici <br /> Ayes tines A&E: Et <br /> Respectfully submitted <br /> CtdUNG X <br /> Pis~ccHio x COMMITTEE ON FINANCE <br /> ARAKAKI X <br /> ELARIONOFF X <br /> JACOBSON X <br /> LEITHEAD-TODD X <br /> SAFARIK x AARON S.Y. CHUNG, CHAIR <br /> TYLER x FC REPORT I}1(~. 69 <br /> YAGONC X ADOPTED: ~~iAY 1 ~U1 <br /> <br />