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Page 2 of 2 <br /> price <br /> inflation is to establish ayear-to-year percentage limit on the increase in assessment for commercial rental <br /> property <br /> and second residences, parallel to the homeowner cap. The cap doesn't have to be 3%; it can be 5%, or even <br /> 10%. <br /> In a normal market it might not come into play at all, and that's fine. The ultimate intent would be to shelter renters <br /> from <br /> the worst effects ofoff-island money, while still allowing quite reasonable increases in county revenues. <br /> Just a thought. If you would like to talk further, I can be reached at daviddruryQhawaii.rr.com, or 959-2338. <br /> David Drury <br /> 126 Kanoelani St. <br /> Hilo <br /> <br /> No virus found in [his outgoing message. <br /> <br /> Checked by AVG Free Edition. <br /> Version: 7.1.385 /Virus Database: 268.2.6/288 -Release Date: 3/22/2006 <br /> 3/23/2006 <br /> <br />