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HomeMy WebLinkAboutMIN FC 2026/02/04 (2024-2026) DRAFT Committee on Finance 28th Session Hawaii County Building 25 Aupuni Street Hilo, Hawaii 96720 February 4, 2026 CALL TO The regular meeting of the Committee on Financ s called to order at ORDER: 9:00 a.m., in the Council Chambers, Hilo, by es E. Hustace, Acting Chair. ROLL CALL: /// ,Vx Present: Mr. James E. Hustace, Vice Ch Ms. Michelle M. Galimba, M me in Mr. Holeka Goro Inaba, Member !.1 %oN, Ms. Jenn Kagiwada, Member Ms. Ashley L. Kier k icz, Member Ms. Heather Kimball, r /Mr. Dennis "Fresh" O er nop Ms. Rebecca Villegas be later) / ft Absent& Excused: Mr. M - eali`i-Kleinfe air STATEMENTS Chair di d the Commie to proceed to the next order of business, FROM THE ents fro he Public on a Items. PUBLIC ON AGENDA ITE The fo� ed to speak and came forward when called by hair. Co en: Bill 128 (Comm. 713), in support. Tanya I4� anaka Aynessazian: Bill 128 (Comm. 713), in support. COMMUNI- //The Ch directed the Committee to proceed to the next order of business, CATIONS. �/ m ications. Comm. 23.28: R ORT OF FUND TRANSFERS AUTHORIZED: DECEMBER 16—31 2025 rom Controller Jon Arbles, dated January 6, 2026. FC-28 February 4,2026 Vote on Comm. 23.28: Ms. Kierkiewicz moved to close file on Comm. 23.28. Filed Seconded by Ms. Kagiwada and carried by the following voice vote: Ayes: Committee Members Galimba, Inaba, Kagiwada, Kierkiewicz, Kimball, Onishi, Villegas, and Acting Chair Hustace—8. Noes: None. Absent: Committee Member Kaneali i- Ofe////i&r— 1. Excused: None. //j// Comm. 574.1: FIRST QUARTER REPORT OF NONCA, ALIZ �ONATIONS: OCTOBER 1 —DECEMBER 31 2025 From Finance Director Diane Naka a, cd January 1 6, transmitting the above report pursuant to Resolut 00-25. ///� Motion to Approve: Ms. Kierkiewicz moved to ile in. 574.1. Seconded by Ms. Kagiwada. //////// ACTING CHR. HU ,u. CE: Any discussio tubers? Council Member Onishi, the floor is C MR. ONISHL Thank yo %iMr. t wan d to recognize my nephew, Ryan Hi a who donated $�,11190 the ogram for some of these activ' t came from oundation. nd for those who don't know him, h ind o us on the Y Tube. And so,yeah, very famous. He started hen he s in high scho'And he's been doing it all this time. So I just wa sho ut a thank you m. I yield. TI/ HU hank you, Council Member. Council Member j MS. WAD eah. I just wanted to give a general thank you to all the /// commu orga ' ations and members who have donated to the County. We do apprecia 11 your donations. So thank you very much. CTIN HR. HUSTACE: Thank you, Members. I just want to reiterate that as ank you for the generosity of the community to support the County in th efforts. All those in favor of closing file on Communication 574.1,please s "aye." Page 2 FC-28 February 4,2026 Vote on Comm. 574.1: Ms. Kierkiewicz moved to close file on Comm. 23.28. Filed Seconded by Ms. Kagiwada and carried by the following voice vote: Ayes: Committee Members Galimba, Inaba, Kagiwada, Kierkiewicz, Kimball, Onishi, Villegas, and Acting Chair Hustace—8. Noes: None. �j4 Absent: Committee Member Kaneali`i- e — 1. Excused: None. ACTING CHR. HUSTACE: And at this ti Mr. in going to pass the chair over to Council Member Inaba fo cuion on t t item. Relinquish Chair: At this time, the Chair relinquish e chair to Committee 'r Inaba. ACTING CHAIR INABA: It's 9:f � I' ming chairma ip of the Committee. We can proceed with the X BILLS FOR The Chair directed th mittee to procee� e next order of business, ORDINANCES: Bills for Ordinances. ��/ ®jam/j Bill 128: AMENDS CHAPTER 19 RTI CT I 19-46.1, AND ARTICLE 11, / SECTION 19-90, OF THE'�A I`I CODE 1983 (2016 EDITION, AS RELATI O REAL OPERTY TAXES a new idential Tier ree"real property tax classification for certain VON ies wit net taxable re ro erty value of more than $4,000,000. re Comm. 713 Council Members Kagiwada and Hustace Motio A rove: j/ s. Ka a oved to recommend passage of Bill 128 on readi econded by Mr. Hustace. ACTIN AIR INABA: Council Member Kagiwada. S. K WADA: Thank you so much, Chair. So this bill is very simple. It's ting a third tier in a residential tax class tax rates. And I just want to give a e reminder about what is not in a residential tax classes. So the things that a e not in our residential tax classes are homeowners, the affordable rental, long- term rentals. Those are not what's in this residential tax class. What is then left in the tax class is vacant properties, vacation rentals, investment second, third, fourth homes. So this ability to have a third tier of homes that are valued, properties that are valued over $4 million will give us some flexibility when we're looking at some, Page 3 FC-28 February 4,2026 you know, hard choices that we have going forward. We talk a lot about our wastewater projects. We know that things are hard for our families and working folks as well as our most needy here on this island, and this does not really look at anything that may affect them as far as potential taxes going forward. So today we're not talking at all about tax rates. We're just talking about making this third tier. When we get to the spring time and need to set rates as a Council, then we can look at what is an appropriate rate for this third tier. I think that's just the basics for me. I would like to give other people, incl my co-introducer a chance to speak. Thank you, Chair. ACTING CHAIR INABA: Council Membe s��� MR. HUSTACE: Thank you, Chair. �c��u Coun mber Kagiwada, for working on this piece here and brin thI I orward to the I also want to note that in here it still speaks ab the $9 million dedicated housing and homelessness program. That an expi ion date in June . So that's another conversation we'll h hav e future. But i ecognizes that real property tax revenue from both ti did tier three will be going to generate specifically, hose funds, those ion. VON You know, the overall U is really to he� I ur residents from tax increases abroad and re I ing to shi t burden away from our i most local residents and eow on th land, really targeting those r . investment roperties. Lon that ortunity to invest in the County, safe of our prope s, our inve ent in infrastructure that we need to going ard, and the ally help moderate that housing price escalation e see ov ime in an areat is typically pretty stable, where there is that my t. T buyers, those downers, they do have a sense of security with t v ind of stable area to make those investment chan o it's ted. It has this kind of social responsibility to it atio roach kind of at that high end of the market there. So grateful for portu sent this to the body for consideration and further dialo Thank Chair. q ACTIN AIR INABA: Council Member Kimball. S. KI ALL: Thank you. I see that we have our Administrator and Assistant strator, and I'd love to dive into the numbers and understand a little bit a t you know, how many properties we'll have in these different classes and at that revenue looks like under the current rates. I assume that you've put all of this together. (Note: At this time, Real Property Tax Administrator Lisa Miura and Assistant Administrator Keita Jo came forward to address the members of the Committee.) Page 4 FC-28 February 4,2026 MS. MIURA: Good morning. Lisa Miura, Real Property Tax Administrator, here with Keita Jo, Assistant Real Property Tax Administrator. For the tier three that's being proposed that's over $4 million, there's 842 parcels. MS. KIMBALL: And what is that in revenue in a typical year if you were to assume that current rate as tier two; did you calculate that figure? MS. MIURA: He's going to right now. Right now t per two for last year because we haven't finished the assessment for thi ar�'f11 ught in we have the taxable. Sorry, we're going to let Keita Jo wor umbers. We prepared for a million questions, but not that one. MR. JO: Keita Jo, Assistant Administ �. the di f between the current tier two rate and the residential rate 1(°versus $13.60. difference of $2.50 per thousand a value, curre brings for these 842 pro ems, currently brings in an additional $13 mi d some� nge in revenue. -pending on the tax rate, should this legislate ve f d that would d rmine how much that increase is. i MS. KIMBALL 1h you. ACTING CHAIR INABrA: ember ViI� MS. VILLEGAS: Yeah. r�a start aying, Mrs. Miura, you look abso ing today. e pink fin ails to boot,yes. Cherry blossoms. I it. er brings so joy and sparkle in this wild time. Having been in it when did create th cond tier, and it was created under actually we ha / order bridge the gap nding, and having endured relentless attacks and qu „j b e very wealthy people with numerous homes t they never ck to Hawaii again, and they were not going to eir fu here; they were not going to buy their car here, it was quite hi frank they're all still here. And the amount, the increase was nomi r inco ke that. So I don't have like a moral like, no, let's not do this. In I fe Imost a moral obligation to do it because of what's been undone a national arena. onl o cern always comes to you and your office in executing this and this or you. So those would just be my concerns. . MIURA: Thank you. Actually this would be one of the easier implementations because our current system can accommodate a third tax tier. MS. VILLEGAS: Great. MS. MIURA: So there's no changes required for us to do that. We just need eventually for Council to tell us the tax rate for it. Page 5 FC-28 February 4,2026 MS. VILLEGAS: Gotcha. Thank you. So I am in full support for this, and I think it is a good option and a way for us to create another avenue of income for our County. I yield. ACTING CHAIR INABA: Vice Chair Onishi. MR. ONISHL Thank you, Chair. Good morning. So I just need to have you guys clarify about who's being affected because som from the west side had talked to me about it and they're talking about like e sd so forth. So if you can clarify like anything I guess in the resort zo MS. MIURA: That is a really good questi K That eed clarification for the public. In our hotel and resort class it n include a residential that is zoned hotel resort class. In the hote ort' x class are th hotels and resorts. So this does include the dential that is located in tel resort areas, if that makes sense. MR. ONISHL Okay. Okay. So just it clear to that person, hotels are not in this situation? MS. MNRA: Correct.�� hotels and re r ot. MR. ONISHL Great. Ol*. I gu ully t y're listening to this meeting, and they'll be okay with th �� I anks. NG////� INABA: C� �ncil Member Galimba. M IM Thank you. I eve I'm going to be in support of this. But I guess s s ewhat philosophically just so that our intentions clear, tituting three in the intentions of the makers to provide just undin the County in general or is there some thoughts to direct this fun n part ys such as currently exists within this tier two? ACTI HAI ABA: Council Member Kagiwada. MS. KA L ADA: Thank you, Chair. There are no stipulations obviously in this 'll for ere the funding would go. I really think that's going to be up to a ion of this body and the administration as we work through the budget p ss. But I will point out that we've already taken on some liability as far as r ductions in our real property taxes. Two things that we have starting this year. One is the long-term rentals, which will come out of this residential class and although the rate has not been set yet, we talked about setting it somewhere in between affordable rentals and the residential rates. So looking at that, last I checked there were 388 people that have gone into that long-term rental tax class and if we were to set it about halfway in between and around $8, we would be Page 6 FC-28 February 4,2026 looking at less revenue of about$753,000. So that's one place that we're already coming up a little shorter than we would normally do in real property tax. And the other one of course was the important bill that we passed reducing the DHHL (Department of Hawaiian Home Lands) homes tax rates. So those we know we already are looking to kind of backfill if you will as well as other things going on in the world. We don't have the final numbers from Finance and Real Property Tax about what's going to be coming in this r as well as, you know, as we go through budget season, what our needs a in be. But I think everybody on here probably has some thought some of the concerns, some of the needs, that our County has going forw ink those discussions can all be held later. They don't need to be hel ow. B eople want to express things, I think that's fine, but I don't h in real / cific except for to really give us some flexibility as a y to really to ou know, what our needs are supporting our arm & udget. MS. GALIMBA: Thank you for t nd I know if Counc ember Hustace has any thoughts around that. good with that. O ay. I yield for now. , ACTING CHAIR INA ncil Member II MS. KIMBALL: Yeah. �t a qu up a comment Council Member Kagiwada made. So the w4 I' ea di that this tier three, the difference be three and the r ones, the till didn't go into the housing and It less fu terms of se n four. IW A: If I may? pup to whatever that amount is. So we just didn't do ere if it says only tier two right now, and if for OR, e rea ose nu fted and there wasn't the $9 million in there for the ar or -term that we're looking at, that there was the flexibility. The int was II that all these homes that were over $2 million dollars be a part o so we kept that in and didn't make a change there. //// MS. KI LL: And then just to follow up on something that Council Member j/O ct o lshi as With respect to the residential definition,nta s, and homeowners that at have a la house,short-term vacation l (STVR) all into these classes, right, is that how it's typically managed? MIURA: Correct. So the residential tax class could have those that have a homeowner exemption but do not qualify for the homeowner tax class because they're doing a short-term vacation rental of a room, a unit, `ohana, and those that have commercial activity on that property could fall into that residential tax class. But the bill specifically calls out that if there's a homeowner exemption, they're not going to be part of the tier. Page 7 FC-28 February 4,2026 MS. KIMBALL: I see. Okay. MS. MIURA: Yeah. MS. KIMBALL: So anybody that has that circumstance where there's some commercial activity, whether it's an STVR or otherwise, they stay entirely in tier one. MS. MIURA: Correct. MS. KIMBALL: Okay. 0. j// MS. MIURA: Well, commercial is no or-44t. As Io they have a homeowner exemption, correct. Th out stay in the tie' MS. KIMBALL: Right. Oka f it's a ole house rental ;it would potentially end up in the tier two o reed MS. MIURA: Correct. i MS. KIMBALL: Got ® Perfect. And his takes effect upon approval. Does that me w tting rates we do the rates with the budget this year? / °° MS.AM Yes. j IMBAjS Okay, great. ri ht, that's all I have. Thank you. AC C cil Member Onishi. NIS ank you, Chair. So just to clarify what you just mentioned. So we ing a a e, right. And so you could have an STVR on a property, j// but it be Ies n $800,000, so you're not going to even be affected by this, ////////j correct. MS. MI : Correct. ISHL Okay. So it's anything valued over $4 million. M1 RA: Correct. MR. ONISHL Okay. So I just wanted to make that clear for the public to understand. MS. MIURA: In that one tax class. Page 8 FC-28 February 4,2026 MR. ONISHL Yes. Correct. Okay, good. And to add to Ms. Galimba, because we all got a testimony from an organization and they talk about like this is good to help protect the housing market. But we're talking about different classes, right? I mean, if we were talking about workforce or homeowners, right, for working families, it's totally two different. Unless we're going to use that money that we have the increase to help the working families to help build something for them, right, or to put in infrastructure for them, right? MS. MIURA: Correct. I read that testimony. I re r�o6h all 14 of them that were online and submitted. And I read that I th' ey're taking it from the position that it's protecting the other tax clas so don't have to raise those tax rates in case the County becomes short' ause t ould make up for that. MR. ONISHL Right. MS. MIURA: I could be wro hays ho�I read it. MR. ONISHL Okay. But also to say 'real"solutions in homelessness. So it's like, okay, there'/S a purpose of why nt to do this, which we shouldn't be even saying that, or they shouldn't be saying this. So I don't know how they got this idea, they're just co n their own. But I just kind of wanted to make� t n this testi that I got. We do have maybe like what was me ned Me er Kagiwada about the shortage from the DHHL, r ing also maybe the STVRs. Do you folk �,umbers on t right now? IURA: on't have eith��of those numbers for the 2026 year yet. We can hav As as the long ter tal numbers that we are going to lose, staff are sti em ns that we've got. And since Council Member iwa d, we y up to 691 applications and we are still entering ea o e rental, homeowners, and long-term rentals that applied. So des lot o e t knowing the tax rate, they went for it anyway, which was a ore th e were expecting. MR. ON L Okay. And Finance Department, would you folks have any / possible ures for us? RA: Council Member Onishi, Keita just handed me, because he c ated it on the fly. Just based what we've lost so far, going to the long-term r ntal is $1.4 million in tax revenue. MR. ONISHL Okay. MS. MIURA: Depending on what you set that tax rate at because we don't have that tax rate either. Page 9 FC-28 February 4,2026 MR. ONISHL Okay. And the estimated loss for the DHHL, you folks had that, right, we talked about? MS. MIURA: We do. I just don't have the number here and I'd have to guess. MR. ONISHL Okay. But that wasn't more than $2 million. MS. MIURA: It wasn't more than $2 million. MR. ONISHL Okay. So the shortfall might be illion maybe, I mean, with these losses? (Note: At this time, Finance D' or bane Na a came forward to address the members of the ml e.) MS. NAKAGAWA: Adminis, Tura do have all the nu at she's talking about. Diane Nakagawa, Fi De nt, by the way e're still working on it, right. So we had previ ortec as these bills were going through what the antjcipated shortfall wo e. As we move in the next few months, we will get better estimate w e to budget. And we will continue to provide th tion as we hav o accurately. But yes, there is a bit of a shortfall ash i ue to those ges that were made. MR. ONISHL Okay. Th y F1 yie ks. NG INABA: C�ncil Member Hustace. M TA Thank you, C I just wanted to go back to something you mend r i. On some of the testimony here, and I ntione re tha peak to the housing and homelessness fund, right. e's a tween the tier two and tier three. Currently the tier two strictly g at; to 'Ilion that we set aside for that. So it does speak to those o housi d hom ess initiatives there that you're kind of asking about. But I / think it o,yo ow, putting less pressure on our local residents in trying to /// find an a that's more stable that we can generate revenue for these other needs the that extra /, in ve loo -termsty residence.ut Just utti wa wanted to kind of speak to that sinceressure those that are livinghere that you edit. Thank you. TING CHAIR INABA: Council Member Onishi and then Council Member Villegas. MR. ONISHL Thanks. I understand what you're saying. But again, we're talking about the value of the properties, right. So tier two, we're taking those extra funding, right, to help with this homeless and housing fund and also with the affordable, right. It's not coming from our homeowner's classification, right? Page 10 FC-28 February 4,2026 Yeah. Okay. I just wanted to clarify that. And now with the tier three, possible if you could do combinations of the total of$9 million coming from both sides, right? Yeah. Okay. Thank you. I yield. ACTING CHAIR INABA: Council Member Villegas. MS. VILLEGAS: Yeah. If I remember correctly,the tier two was created for second homes worth over $2 million and increased t on the value of the home worth over $2 million. So if you had a $2.5 ion me, you paid the regular tax tier on the $2 million and then the $ 00,you paid a slightly higher tax rate on. So this is adding a third tier for co me that is worth or is more than $4 million, correct? Yeah, I do ow v any people that that's going to really affect directly. I mean, �k U. You re amazing. Keita Jo, you just came up with that figur our hind works ink erious and magical ways when it comes to n ers. Absolutely incredi uess I was just a little curious because yo e exact' tuber of homes had. Could you state that number again, e isl %,, MS. MIURA: 842. n MS. VILLEGAS: An ou happen toh redominant geographic location of those homes�� /%///////�� MS. MIURA: Yes. It's t ai`i ILL Yes. Yes. hat's what I figured. The Kohana Coast and down Kohana nd Kukio an ur Seasons, and all those areas, yeah. So I feel like retry 'ear on what thi� s, what the opportunity is. If I, once again reme e ated the second it was out of need to balance the b we we ortfall and COVID (Coronavirus Disease), and all gs w ppening. Once that shortfall left, then Chair Aaron Chung bro orth t io ,to utilize that funding towards our homeless and housing initiat And gone towards that, which we'll see what happens in the next fe ars. t with this one not being specifically allocated, I think it's good rig ow that's it's not. We have other gaps to fill from cesspool cono�ersi to, I mean, we just had our wastewater presentation yesterday and I know, Parks, all the things for infrastructure improvements. So the resource from properties that are far outside my reach of ever a ing I think there's some equity in that. So thank you. I'm in full support. ACTING CHAIR INABA: Council Member Galimba. MS. GALIMBA: Thank you. Just briefly. It is important to me to sort of tease out the reasons why. It's not that we are hostel to folks that have more means, it's wanting to make this place livable for the people that have lived here for a long time that have lesser means and are in a situation where property values and sort Page 11 FC-28 February 4,2026 of the salaries of most people are pretty not very well aligned. And there is actually an effect of higher value properties on that entire problem. So I think for me it's important to sort of describe it this way. As one of the testifiers today sort of talked about the entire tax system and how that can be used to help local people, regular people, working people, continue to live here. So thank you for bringing this forward and I also am in support. ACTING CHAIR INABA: Alright. Everyone's don ith their questions? Okay. For Real Property Tax, can you share the a se lue over $4 million for those properties? MR. JO: So the net taxable value over $4 ion wi e residential classification is approximately $5.3 bil ACTING CHAIR INABA: Oka N j MR. JO: And that covers 842 prop ACTING CHAIR INABA: Okay. And st to confirm, with everyone's understanding it wou ell, maybe I'll a of the Finance Director. What is the administrations / w much we'r be allocating towards our housing and homeless p Vr j// N MS. NAKAGAWA: So wore ent draft budget and at the moment we at the $9 mil G CH INABA: O So to the makers, can you just maybe remind me X ou f S have any kind rea or was it intended that we would have more ���s gram through this proposed bill? Council ber �jce. M T j a you for the question. No. It's really sticking to that numb twee shed previously and staying with that and then additional revenue others eeds at the County level. ACTIN I R INABA:er ertiesdifferently, O besides ustt e value?I means kay. And how do you folks ee tier two versus tier conceptually, P hicaly, how are we seeing somebody's house that's worth $3.5 million di ent than somebody's house whose worth is $4.5 million? MS. KAGIWADA: Thank you. Thank you, Chair. So as you know, several places around the island properties have increased in value. So it could be that somebody bought a condo that was under a million dollars and is now over $2 million. That to me is very different than some of these really multi-million dollar places over $4 million that many of them, much, much greater than $4 Page 12 FC-28 February 4,2026 million as far as people's ability to contribute to our community. And so for me, that's where I see a difference. We also did look at what some of the other counties and other places around the country have done around this and, you know, looking at kind of the very, very high end really helps to alleviate concerns people might have of, you know, some of those properties like inherited at a lower rate that now has gone up in value and maybe just done over that$2 million mark but isn't a t greater level. So for me, that's how I see the differences there, that the e p ibly people that—but once again, I think go back to everything under illion taxed at the residential tier one, right, everything under $4 million o 2 million and $4 million would be taxed at the residential tier two r if I'm t. And then everything over $4 million being taxed at whateve e*p set at t 'dential three. So by gradience it matters how c you are to that$2 millio at$4 million. Once you're up at$10 million 6 milli' you are paying greater amount based on that top grade. S 't hot of qualms a ut most of the folks in the residential rates at all in th iers,if we do three tiers, of looking to that as a possible place to help us whe e in need as a County, but I do think these really ext° ant homes at the igh end, that that's a place where I don't think wi financially st` a people that own those homes. If that makes se e. '�//// ACTING CHAIR INABA. h you. I guess I would say I don't nece a big differe or maybe I n't agree with creating a new tax c 'when I've been on is Council the Council has always had a difficult ndersta g rates, assess values, and making appropriate changes when we dget. o if we create the ird tier, it would be an additional layer. Well we al r ® al er coming through with the bill that we passed ������ eady -term my opinion I think a simpler and more able a ch would be adjusting property tax rates for the existing tier two an wout n s from having to run a bunch of additional calculations when o the b t and when we're trying to figure out what our revenue needs t �M/// So I'm n opposed to increased taxes to these homes. I just think the simpler ///// y w this Council has not taken up at least during this term, is increasing o property tax rate. So I think that's where I stand for now. I don't th I can support it right now, not that I can't in the end, but just not right now t inking through where a simple resolution could increase our revenues. And I just wanted to circle back to Finance. So when you folks create the budget, there is an additional moving part here having to calculate those values over $4 million. And anytime, if we're trying to increase revenue, I mean, there's more levers to pull, but there's more numbers to run all the time in that sense. Would that be a correct assessment of what this would have you folks be doing? Page 13 FC-28 February 4,2026 MS. NAKAGAWA: Is your question on creating a new tier, would that be more to do? ACTING CHAIR INABA: Yes. MS. NAKAGAWA: Not really. I don't think that's an extra effort. We would look at it of course and look at the estimates as we go through the budget process like we do right now. But if it's an extra effort, not r ACTING CHAIR INABA: Okay. Got it. Oka ell with that, yeah, thank you for bringing this forward, to the introducers. ver it a little bit more in the coming weeks. I can't support it as is r t now. ith that, we will take a roll call vote on forwarding Bill 128 to ncc with a le recommendation. Vote on Bill 128: The motion to recommen ssage of,Bill 128 on first// (Approved) reading was carried by owing r� call vote: Ayes: Committee Memb ba, Iustace, giwada, Kierkiewi S 'mball, Onishi, Noes: Ac Inaba— 1. Absent: Co �itt er Kaneali infelder— 1. Excused: None���� ///////���� ACTjj0fthkIR INABA: nk you. A that brings us to the end of our a a for ADJOURN- The ng n her business ur agenda today, Acting Chair Hustace MENT: adj out � 5 Thank you very much. hill Approved: Mr. Matt Kaneali`i-Kleinfelder, Chair (Date) Finance Committee MK/tk Page 14