HomeMy WebLinkAboutCOM 0620.043 2002-2004Y
TIS E
TRUST
for
PUBLIC LAND
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• E ' ^S.Rw
(Submitted by Josh Stanbro)
Comm. No. (02-013
F LOO
Ref. To: Pt S 0 4
Ref. Date ED
2002 Elections in Maui and Kauai Counties
Amends County Charters to create a
dedicated fund that provides predictable,
stable funding for land protection projects
Serves as a magnet for Federal matching
funding
K
1/2% of Real Property Tax Revenue
Dedicated
Approx. $300k Deposited into Fund Annually
Aimed at increasing public coastal access
Fund has been unable to initiate or complete
any projects because of rising land values
and low level of dedicated funds
0
K3
1 % of Real Property Tax Revenue Dedicated
Approx. $1.2M Deposited into Fund Annually
Fund has been utilized for one project
Helped Protect Waihe'e Dunes Area
However, Council had to make additional $1 M grant
$2M in County funds leveraged $3M in add'I Fed funds
$5M Coastal project (270 acres, 1.5 mi. of shoreline)
$1 M from fund will likely be utilized this year to
complete purchase of 70 acre coastal point and
fishing area in Hana for $4M
APRIL 2004 POLL OF HAWAII VOTERS
70% Support for 2% Dedication
68% Support for 1% Dedication
86% want independent audit ensuring that
money set aside annually by amendment is
spent as promised on land protection
Top -Ranking Projects According to Voters
Watershed Areas
Beaches and Coastal Areas
Prevention of Erosion, Flooding, Landslides
Native Forest Areas
Native Hawaiian Historical and Cultural Areas
5
0 0
$130
$125
$120
$115
$110
$105
$100
$95
$90
2003-2004
2004-2005
4
IE
7
Available fund for unexpected opportunities
Leverage of Federal funding
Serves core duties of public safety, providing
public recreation
Saves County money in long run by
preventing development in hazard areas
Boosts revenue in long term via diversified
economy, increased land values
Source: Honolulu Advertiser
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