BIL 235 Draft 02 2004-2006 - Laserfiche WebLink

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Harry Kim Ifayor County of Hawaii 25 Aupum street, Room 215 • I lilo, I awan 96720 (808) 961-8211 • Fax (808)961-6553 May 5, 2006 The Honorable Chairman Stacy K. Higa and Members of the County Council County of Hawaii Hilo, HI 96720 Dear Chairman Higa and Council Members: Dixie Kaetsu Managuig Director Barbara Kossow Dep lv,waaagmg 1),wo, As required by the Hawaii County Charter, the amended operating budget proposal for the County of Hawaii for the fiscal year ending June 30, 2007 is hereby submitted. This balanced budget includes estimated revenues and appropriations of $324,508,303 and includes the operations of eleven of the County's special funds as well as the general fund. Although it is $8,432,031 higher than the budget proposal submitted to you on March 1, 2006, we are proposing tax rate reductions in eight of the nine classes of properties. BUDGET OVERVIEW Net valuation of real property on the Big Island increased by 38.03%, while property tax revenues, based on lower tax rates, are expected to increase by 22.28%. This revenue increase, together with increases in other revenue sources, will again enable the County to address its many areas of need that resulted from years of funding restrictions. The allocation of resources for this budget focused on: • Providing departments with resources to continue to "catch up" and, hopefully, "keep up" with maintenance, repairs, and services throughout the island; • Carrying out our legal mandates; • Improving affordable and accessible housing, transportation, recreation, public safety, and other County services; • Distributing services and resources equitably; • Being responsible stewards of public assets; • Keeping the growth of government within reasonable limits; and • Setting aside adequate funds for future needs. Comm. No�. +��I �L,��1��-3-3- Ref. To: _ ciii—V % C3� l Q d3�i� fJn. a Ref. DatehkLa.5- Hawaii County is an equal opporhmity provider and employer.