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Honorable Members of the Hawai`i County Council <br /> March 1,2012 <br /> Page 2 <br /> Collecting Less Taxes <br /> For the fourth straight year, the County of Hawaii will collect less in property taxes than it <br /> did when this administration began in 2008. Tax collections in FY 2008-09 totaled $225.9 <br /> million and are expected to decrease to $198.5 million during FY 2012-2013. This continuing <br /> slide in tax collections has been coupled with years of cost increases in areas such as employee <br /> health care and retirement costs and unpredictable fluctuations in utilities and fuel. In short, it <br /> will cost us more to deliver the same services next year, and there will be less money available to <br /> provide these services. <br /> Real Property Tax Revenue <br /> $230,000,000 <br /> $220,000,000 <br /> 0 _ <br /> $210,000,000 <br /> $200,000,000 ■ <br /> $190,000,000 ■ ■ <br /> $180,000,000 0 _ ill <br /> $170,000,000 — , r— Z <br /> 2008-09 2009-10 2010-11 2011-12 2012-13 <br /> Actual Actual Actual Budget Budget <br /> Reducing the Size and Cost of Government <br /> This budget represents the fourth consecutive year that we are reducing spending. <br /> Consulting contracts have been cut by more than $12 million since FY 2007-2008. Overtime <br /> spending is also being reduced by 38 percent during this same time period, for an <br /> additional reduction of$5.3 million. <br /> Professional Services Contracts <br /> 518,000,000 or <br /> $16,000,000 <br /> $14,000,000 1 <br /> $12,000,000 <br /> $10,000,000 <br /> $8,000,000 <br /> 56,000,000 <br /> $4,000,000 <br /> 52,000,000 <br /> 5 <br /> 2007-08 2008-09 2009-10 2010-11 <br />