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HomeMy WebLinkAboutREP FC 192 2026-10-06 2024-2026 REPORT OF THE COMMITTEE ON FINANCE DATE: October 6, 2026 Re: Comm. No. 1108/Bill No. 201 PLACE: Council Chambers Hilo,Hawai`i TIME: 3:45 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 201,reports as follows: Bill No. 201,transmitted by Mass Transit Assistant Administrator Jennifer Martin via Communication No. 1108, dated September 16, 2026, amends Ordinance No. 26-45,relating to Public Improvements and Financing thereof for fiscal year ending June 30, 2027. This bill adds Mass Transit Agency Kailua-Kona Hub and Park&Ride Facility project ($5,000,000) to the Capital Budget.Funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund —Fund Balance and/or other Sources. Finance Deputy Director Malia Kekai was present and provided background on the proposed bill. Committee Member Jenn Kagiwada asked for clarity on the projects funding source. Ms. Kekai explained that federal funding is currently being used for this project's,but they hope to utilize general excise tax funding due to the project's connection to mass transit. Committee Member Dennis "Fresh" Onishi asked whether the program needed to be expedited. Ms. Kekai emphasized the importance of moving the program forward as quickly as possible to avoid unnecessary delays. Committee Member Rebecca Villegas thanked Ms. Kekai and the Mass Transit Department for bringing this matter forward,noting that it addresses a significant need in her district. Your Committee on Finance is in accord with the purpose and intent of Bill No. 201, and recommends its passage on first reading. lkh AYES NOES ABS EX Respectfully submitted, GALIMBA X HUSTACE x COMMI IEE ON FINANCE INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ x MATT KAN ELDER, KIMBALL x CHAIR ONISHI X FC REPORT NO.: 192 VILLEGAS X ADOPTED: O C T 2 1 2026