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<br /> Honorable James Y. Arakaki <br /> and Members of the County Council <br /> <br /> Page 2 <br /> January 22, 2003 <br /> Highlights of the proposed revisions are enclosed. Due to the complexity and importance <br /> of these revisions, we feel that a workshop to discuss them in greater detail is appropriate. <br /> If you agree to a workshop, Bill Takaba will work with your staff in its coordination. <br /> Future work for the Real Property Tax Discussion Group includes exploring ways to <br /> <br /> provide relief for homeowners of properties with rapidly rising values and for <br /> homeowners who are not able to afford the taxes that they now pay. They will be <br /> <br /> reviewing such programs as the "circuit breaker," deferred taxes, and exemptions based <br /> on values. We look forward to working with you and your staff very closely as we do <br /> <br /> this. Thank you very much. <br /> Aloha, I <br /> Harry Krm" <br /> Mayor <br /> Enclosure <br /> <br />