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HomeMy WebLinkAboutREP FC 140 2020/09/15 2018-2020 REPORT OF THE COMMITTEE ON FINANCE DATE: September 15, 2020 Re: Comm. No. 1059/Bill No. 196 PLACE: Council Chambers Hilo, Hawai`i TIME: 9:03 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 196, reports as follows: Bill No. 196, transmitted by Council Member Susan L. K. Lee Loy, via Communication No. 1059 dated August 27, 2020, amends Chapter 2, Article 4, of the Hawai`i County Code 1983 (2016 Edition, as amended), by adding a new section relating to Fiscal Impact Statements. This bill allows for the Finance Director to initiate, or any Council Member to request from the Finance Director, a Fiscal Impact Statement for any Bill for an Ordinance, except for Bills that initiate an amendment to the Hawai`i County Charter or that establish the upcoming fiscal year operating budget or capital budget. A motion to move Bill No. 196 to Council with a positive recommendation was made by Council Member Susan Lee L. K. Loy, and seconded by Council Member Herbert M. "Tim" Richards, III. Discussion on Fiscal Impact Statements had, and although not mandatory, would be a great tool for Council Members to better understand how a particular legislation would financially impact the County, allowing them to make better decisions for our island County, especially going forward from COVID-19 when budget analysis is critical. Additionally, the value of not passing a particular legislation may end up the result, as well; and the idea of valuing environmental degradation and loss of cultural resources could be considered. Consensus of Council was in support of said bill as it was a good tool to have, however noting some small clarifications necessary to tighten it up. Your Committee on Finance is in accord with the purpose and intent of Bill No. 196, and recommends its passage on first reading. db AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE EOFF X KANEALI`I-KLEINFELDER X �- KIERKIEWICZ X LEE LOY X POINDEXTER x MAILE MED- ' RICHARDS X FC REPORT NO.: 140 VILLEGAS X ADOPTED: OCT 0 7 2020