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HomeMy WebLinkAboutREP FC 144 2026-04-14 2024-2026REPORT OF THE COMMITTEE ON FINANCE DATE: April 14, 2026 Re: Comm. No. 755/Bill No. 136 PLACE: Council Chambers Hilo, Hawaii TIME: 9:02 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 136, reports as follows: Bill No. 136, transmitted by Mayor C. Kimo Alameda, via Communication No. 755 dated February 27, 2026, relates to public improvements and financing thereof for the Fiscal Year July 1, 2026, to June 30, 2027. This bill transmits the proposed Capital Budget for fiscal year 2026-2027 and the Capital Improvements Program for the next six years from fiscal year 2026-2027 to 2031-2032, which includes 45 projects requiring a total appropriation of $358.74 million of which $42 million are intended to be funded by Federal Grants, $23 million to be funded by State Grants, $285.24 million to be funded in whole or part by bonds, and $8.5 million to be funded by private funds. This bill includes the mayor's transmittal letter that describes "Funding Sources," "Debt Service," "Capital Improvement Project," "Project Data/Financial Impact Statements," and "Fair Share Contributions." On May 19, 2026, pursuant to Section 10-4 of the Hawaii County Charter, the Council will conduct a public hearing on the proposed Operating and Capital Budgets at the Hawaii County Building in Hilo and provided videoconferencing at the West Hawaii Civic Center in Kailua- Kona. On April 14, 2026, Mayor C. Kimo Alameda presented this proposed budget on the first day of the Departmental Budget and Program Reviews. On April 15, 16, and 17, 2026, your Committee reviewed the proposed Operating and Capital Budgets during the Departmental Budget and Program Reviews, then moved to Council with a positive recommendation to be heard on May 21, 2026. Deputy County Clerk Aaron Brown confirmed that pursuant to Section 10-2(a)(5) of the Hawaii County Charter, the Mayor will be submitting an amended budget on May 5`h before proceeding with amendments. Amendments, if any, may be transmitted for consideration at or prior to first reading at the May 21, 2026, Special Meeting of the Council. FC Report No. 144 FC-144 Page 2 April 14, 2026 Your Committee on Finance is in accord with the purpose and intent of Bill No. 136 and recommends its passage on first reading. ]kh AYES NOES ABS EX GALIMBA X HUSTACE X INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X ONISHI X VILLEGAS X Respectfully submitted, COMMITTEE ON FINANCE MATT V/A-NEALIl-ALEINFELDER, CHAIR FC REP RT NO.: 144 ADO ED: MAY 2 1 202