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<br />• <br />REPORT OF TI-IE <br />COMMITTEE ON FINANCE <br />DATE: Apri121, 2008 Re: Comm. No. 1039/Bill No. 252 <br />PLACE: Sheraton Keauhou Bay Resort and Spa <br />78-128 Ehukai Street <br />Kailua-Kona, Hawaii <br />TIME: 4:53 p.m. <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Bill No. 252, reports as follows: <br />Bill No. 252, transmitted by Mayor Harry Kim, via Communication No. 1039, establishes an <br />Operating Budget for the County of Hawaii for the fiscal year July 1, 2008 to June 30, 2009. <br />This balanced budget includes estimated revenues and appropriations of $398,258,830 and <br />includes the operations of eleven of the County's special funds as well as the general fund. This <br />budget is 6.3 percent more than the current year's budget. It reflects a 12.2 percent increase in <br />real property tax revenues due to an increase in values and change in tax rates. <br />Your Committee on Finance is in accord with the purposes and intent of Bill No. 252, and <br />recommends it pass first reading. <br />bl <br /> AYES NOES A&E EX <br />FORD X <br />HIGA X <br />HOFFMANN X <br />IKEDA X <br />JACOBSON X <br />NAEOLE X <br />PILAGO X <br />YAGONG X <br />YOSHIMOTO X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />DOMINIC YAGO , C <br />FC REP T N <br />ADOPT ~dl <br />