HomeMy WebLinkAboutCOM 0883.002 2022-2024 JNtYOF k4
Dr. Holeka Goro Inaba :•tw •`'.+,., Office: (808) 323-4280
Council Member, District 8, N. Kona E»rail:holeka.inaba@hcat,aiicoiitity.gov
hcat,aiico:urty.gov
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HAWAII COUNTY COUNCIL
County of Hawaii
West Hmval'i Civic Center; Bldg. A
74-5044,one Keohokalole Hwy.
Kailua-Kana, Hmvai'i 96740
DATE: May 30, 2024
TO: Heather L. Kimball, Council Chair
and Members of the Hawaii County Council -:
FROM: Dr. Holeka Goro Inaba, Council Member
Council District 8
SUBJECT: Submits additional info regarding the amendment to the proposed 2024 Real
Property Tax Adjustment
2024 Real Property Tax Adjustment
Providing Homeowner/Affordable Rate Reductions by Increasing Rates for Tier H,
Hotel/Resort, and Conservation Classes
The Council can also grant relief to Homeowner and Affordable Rental Classes by:
• Reducing Homeowner and Affordable Rental rates from $6.15 to $5.75 which
would result in the same budget shortfall of($2,741,239.06).
• Increasing Tier II class from $13.60 to $14.35
• Increasing Hotel/Resort class from$11.55 to $12.30
• Increasing Conservation class from$11.55 to $12.30
Approving these changes would result in a total net collection increase of$3,805,903 compared
to the Mayor's proposed rates. Of this increase, the Charter and Code require the following
changes:
• Increase Homeless Contracted Programs by $3,698,564
• Increase Transfer to PONC by $76,118
• Increase Transfer to PONC Maintenance by $9,514
• Increase Transfer to Emergency/Disaster by $38,059
• Increase of Fund Balance by $16,353
Comrr�. No. ���'L- •44
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