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FC -151 Page 2 November 1, 2011 <br />Your Committee members commented on the following: 1) concerned with not knowing the <br />fiscal state the County currently is in and not raising real property taxes; 2) past council action <br />transferring excess budget stabilization funds into the contingency account; 3) the minimum <br />amount is not at issue, it is symbolic the Council's commitment to set moneys aside in the budget <br />stabilization fund which use is approved by the Council. <br />Committee Member Ikeda voted "kanalua" twice. <br />Your Committee on Finance is in accord with the purpose and intent of Bill 127, as amended to <br />Draft 2, and recommends it pass first reading. <br />dkr <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />BRENDA FORD, CHAIR <br />FC REPORT NO. 151 <br />ADOPTED: NOV 16 2011 <br />AYES <br />NOES <br />A &E <br />EX <br />BLAS <br />X <br />FORD <br />X <br />HOFFMANN <br />X <br />IKEDA <br />X <br />ONISHI <br />X <br />PILAGO <br />X <br />SMART <br />X <br />YAGONG <br />X <br />YOSHIMOTO <br />X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />BRENDA FORD, CHAIR <br />FC REPORT NO. 151 <br />ADOPTED: NOV 16 2011 <br />