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HomeMy WebLinkAboutCOM 0241.001 2024-2026 • • Jennifer Kagiwada • .�,;a�y of\L•• Office:(808)961-8272 Council Member District 2 South Hilo : ,�,,``5'/.# jennifer.kagiwada@hawaiicounty.gov 'ITE p'F'µp� HAWAII COUNTY COUNCIL - DISTRICT 2 25 Aupuni Street•Hilo,Hawai`i 96720 c.c--) C c) DATE: May 14, 2025 ;3 _ri TO: Dr. Holeka Goro Inaba, Chairperson , - and Members of the Hawai`i County Council .. FROM:" (Jennifer Kagiwada, Council Member District 2, South Hilo RE: Proposed Amendment to Bill No. 50; An Ordinance Amending Chapter 19, Article 11, Section 19-90, of the Hawai`i County Code 1983 (2016 Edition, as Amended), Relating to Real Property Taxes. Transmitted herewith is a proposed amendment to Bill No. 50. The proposed amendment is shown below in Ramseyer format with respect to the content of Bill No. 50; material to be deleted is bracketed and stricken, and material to be inserted is underscored. Due to the limited scope of this proposed amendment, a copy of the new draft of this bill that would result if it were adopted is not attached. SECTION 1 of Bill No. 50,which amends chapter 19, article 11, section 19-90, of the Hawai`i County Code 1983 (2016 Edition, as amended)by amending subsection(f), is amended by amending paragraph(4)to read as follows: "(4) No less than$9,000,000 of the revenue collected annually pursuant to this subsection[,] or, whenever less than$9,000,000 is collected, all such revenues calculated as the difference in revenue from the residential tier one property tax rate to the residential tier two property tax rate, shall be appropriated each fiscal year to County-sponsored programs designed to address housing and homelessness. This requirement shall not extend beyond June 30, 2027, unless otherwise amended by ordinance. Any remaining balance collected pursuant to this subsection at the end of the fiscal year shall be designated for this purpose." Thank you. JLK:slm Comm. • Ref.To: Ref. Dote