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HomeMy WebLinkAboutREP FC 113 08/05/1997 1996-1998 REPORT OF THE COMMITTEE ON FINANCE DATE: August 5, 1997 Re: Comm. No. 403/Res. No. 130 PLACE: Councilroom TIME: 10:45 A.M. Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 130, reports as follows: Resolution No. 130 transmitted jointly with Bill No. 117 by Finance Director Harry Takahashi, dated July 17, 1997, amends the district distribution formula of the fuel tax expenditure plan as delineated in Resolution No. 128-93. The following formula will be effective July 1, 1996: District % Road Miles %Vehicle New District Weight Tax ARnortionment Puna 19.71 14.05 16.88 South Hilo 33.61 37.53 35.57 North Hilo 3.44 1.02 2.23 Hamakua 7.99 3.76 5.88 North Kohala 2.90 3.01 2.95 South Kohala 8.15 8.87 8.51 North Kona 13.80 20.76 17.28 South Kona 4.39 6.69 5.54 Ka'u 6.01 4.~1_ 5.l( Total 100.00 100.00 100.00 Resolution No. 397-88 adopted by the Hawaii County Council on March 15, 1988, established the first district apportionment formula to be based upon a percentage derived from each district's vehicle weight tax and road miles. Sequentially, Resolution No. 351-91, was adopted which requires a biennial update of the district distribution formula of the fuel tax expenditure plan. Therefore, this measure conforms to the provision set forth in said resolution. FC REPORT NO. 113 Your Committee on Finance is in accord with the purpose and intent of Resolution No. 130 and recommends its adoption. Ikc Ayes Noes A&E EX CHUNG X Respectfully submitted LEITxEnO-T000 X COMMITTEE ON FINANCE Rnv x SANTANGELO X L ~ ~ ~ SMITH X TvLEa x AARON S.Y. CHUM ,CHAIR YAGONG X FC REPOR ~ ARA KAKI, E.O.M. X ADOPTED: