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Form B-52 <br /> 7/18/91 <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> DEPARTMENT: Public Works/Mass Transit Agency DATE: 08-04-04 <br /> STAFF CONTACT: Bruce C. McClure /Tom Brown PHONE: 961-8324 / 961-8343 <br /> <br /> A. REQUEST: <br /> Amend Ordinance No. 04-74, Operating Budget, Highway Fund by $1,015,796 as a result of the <br /> recent approval of Ordinance No. 04-66, which raised the annual motor vehicle weight tax for <br /> vehicles/trucks/trailers registered in the County of Hawaii. This amount represents the <br /> estimated increase in Vehicle and Trailer Weight Taxes revenue (3202.09) generated effective <br /> January 1, 2005 through June 30, 2005 and corresponding increase in expenditure <br /> appropriations as follows: <br /> $ 460,724 Highway Maintenance <br /> 216,812 Traffic Maintenance <br /> 338,260 Mass Transit Services <br /> $1,015,796 <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> The Council proposed and approved on June 14, 2004 a bill to raise the annual weight tax rate <br /> for passenger vehicles by'/4 cent per pound and raise the rate for trucks, truck-tractors, road <br /> tractors, trailers and semi-trailers weighing 6,500 or more by 1 cent. <br /> The intent of this increase is to fund the Department of Public Works ongoing highway and traffic <br /> maintenance and the Mass Transit Agency's request is for increased bus service around the <br /> island and for use as a local match for federal funds. <br /> SIGNED: ~ G- ~G~-°=--..~- DATE: ~ j~~°¢ <br /> Department Head <br /> <br />