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<br /> 11-15 01 19:48 DON JACOBS T:80B 965 ®361 P:01 <br /> l~®n Jai®bs ~T~~: t , . <br /> 15-2722 popes Street ;_!4 ~~~-r~~fiS®361 <br /> pah®~, H1 ~5771~ ~ l' ~3`i c~ri ~E~.f~et <br /> November 1 S, 200 <br /> s...~,! y i~ ~ (1~ ~,i(t ~ <br /> ai~dV 1 t t.~/! ~r ~YF~";f <br /> To ail nnembers ®f the Hawaii County Council Finance Commitae. <br /> 1 ~~?'®r~gly ®ppose 6ili 121. <br /> bill 121, if passed, ~rould increase the levy rata for properties with assessed <br /> valuati®r~ below $10,000. What is N®~ a more equitable distribution of C®unty <br /> reven~se ~®liect6ons. <br /> If there is a proven shortfall in revenues, the first thing t® do is cut ba0k the <br /> cost of g®vernenent in every way possible. lf, after Cutting back, there is still <br /> a sh®rtfall, then the levy rate for ail real estate sh®uld be increased aor®ss <br /> the board t® pr®vide the required revenue as is provided ire Chapter 1 g, <br /> Article 11, Section 1990(0) of the Hawaii County Code. And spe~ific~liy as <br /> set forth iri the following Section 19-~®(0} sub-paragraphs: <br /> (3) The am®unt of revenue to be raised from net taxable buildings <br /> within each 0lass shall be divided by the net taxable value of buildings irt~ <br /> that class to deterrraine the tax rate which shat! be expressed In terms <br /> of tax per $1,®®® of rest taxable buildings computed to the ntarest <br /> Cent. <br /> (4) The amount of revenue to be raised from net taxable lands ~rithin <br /> each 01ass shall be divided by the net taxable value of lands in that <br /> Class to deterrr~ine the tax rate which shat! be expressed ire terms of <br /> tax per S 1,000 of net taxable lands cor~p~ted t® the near®st cent. <br /> The Ai~faIT10iV ®f a mir~imurv~ tax in SeOti®n 19-90(g) is effectively double <br /> taxation and shoa~ld be challenged in c®urt. In any event it places an improper <br /> and totally unfair ba~rder~ upcan a segment of the total rea! estate least able <br /> to bear the burden. <br /> Sincerely <br /> Oon Jacobs <br /> Copies t® the media and others. <br /> Osazr 1~~, <br /> air <br /> _ _ <br /> <br />