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V Oi P, <br /> cp.•��, Walter K.M.Lau <br /> Managing Director <br /> William P. Kenoi �. <br /> Mayor Randall M.Kurohara <br /> v.•; Deputy Managing Director <br /> County of Hawaii <br /> Office of the Mayor <br /> 25 Aupuni Street,Suite 2603 • Hilo,Hawaii 96720 • (8o8)961-821i • Fax(8o8)961-6553 <br /> KONA: 74-5044 Ane Keohokalole Hwy.,Bldg.C • Kailua-Kona,Hawaii 96740 <br /> (8o8)323-4444 • F-(808)323-4440 0 <br /> .c O n <br /> O <br /> C– <br /> May 5, 2014 <br /> nM <br /> J Yoshimoto, Chair <br /> And Honorable Members of the Hawaii County Council co <br /> County of Hawaii <br /> 25 Aupuni Street <br /> Hilo, HI 96720 <br /> Aloha Chair Yoshimoto and Council Members: <br /> As required by the Hawaii County Charter, submitted with this message is the proposed <br /> operating budget for the County of Hawaii for the fiscal year ending June 30, 2015. This <br /> balanced budget includes estimated revenues and appropriations of$416,915,831, and includes <br /> the operations of eleven of the county's special funds as well as the general fund. <br /> This FY 2014-2015 budget is $13,710,833 or 3.4 percent larger than the budget in effect when <br /> this administration took office in 2008. This budget continues our strategic investments in county <br /> services and infrastructure to support our working families and businesses, while carefully <br /> controlling the cost of government. <br /> We continue to see a gradual recovery from the past five years of budget challenges caused by <br /> the national and international recession. We are finally experiencing a measured recovery in <br /> property values, which allows us to address the new challenge of $20.9 million in additional <br /> employee expenses in the year ahead. Most of these costs are the result of public worker <br /> arbitration decisions and negotiated agreements that significantly increase salaries, wages, social <br /> security contributions and retirement obligations. <br /> A coordinated effort by the Hawaii State Association of Counties and Hawaii Conference of <br /> Mayors this year helped to convince the state Legislature to allocate additional hotel room tax <br /> funding to the counties, and we welcome this assistance. This revised budget commits all of that <br /> additional funding to pay for future health care obligations for public employees. <br /> This proposed balanced budget does not require any increase in property taxes. <br /> Comm.No 89' 6 <br /> "� W.To. ouru/ <br /> �ji 1 k a0$j U r, ))County of Hawaii is an Equal Opportunity Provider and Employer. PA.DatO MAY_A.,�.;.14 <br />