COM 0150.020 2012-2014 - Laserfiche WebLink

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Honorable J Yoshimoto And Members of the Hawai`i County Council Page 7 May 2, 2013 Monthly Change to Average Property Tax Bill Homeowner $8.59 Agriculture $4.75 Conservation -$6.26 Affordable Rental $7.99 Residential $28.49 Apartment $32.93 Commercial $34.79 Industrial $46.74 Hotel &Resort $72.54 These adjustments are broad based because they will fund investments that will benefit our entire island community. Our proposed increases in police patrol officers in Puna and Ka`u will benefit those communities, while our investment in mass transit will benefit the entire island. The Hamakua and Kea'au communities will benefit from new fire equipment, while the recruitment and training of additional firefighters will enhance public safety for the entire island. Our residents and visitors will be better able to enjoy our shorelines in greater safety because of the additional lifeguards and more modern and functional lifeguard towers we have proposed. Our proposed investment in information technology will better safeguard county data, and will lead to more modern and enhanced services for our residents. Significant Changes to March 1, 2013 Revenue Estimates General Fund • Fund Balance Carryover — Carryover projections have increased by $1,650,000, which represents an increase in current year expenditure savings as a result of restrictions on hiring, travel, equipment and other spending. • County Vehicle Registration Fees —Additional revenue of$894,600 is based on a proposed fee increase, which will more accurately reflect the cost of issuing vehicle registrations and provide for improvements to the Vehicle Registration and Licensing Division operations. • Real Property Tax — Revenue was adjusted to reflect an increase of$18,750,000, resulting from a proposed adjustment to tax rates to provide necessary revenue to meet core County responsibilities. The proposed rates are shown in Exhibit A. County of Hawai'i is an Equal Opportunity Provider and Employer.