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HomeMy WebLinkAboutREP FC 049 04/07/2009 2008-2010 REPORT OF THE COMMITTEE ON FINANCE DATE: April 7, 2009 Re: Comm. No. 193/Bill No. 49 PLACE: Council Chambers TIME: 11:00a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 49, reports as follows: Bill No. 49, transmitted by Finance Director Nancy Crawford, via Communication No. 193 dated March 3, 2009, amends Chapter 2, Article 42, Section 2-214 of the Hawaii County Code 1983 (2005 Edition, as amended) relating to the Public Access, Open Space, and Natural Resources Preservation Fund. This amendment suspends the transfer of 2% of real property tax revenue, including penalties and interest, to the Public Access, Open Space, and Natural Resources Preservation Fund, effective January 1, 2009. In addition, the amendment will also eliminate the minimum transfer amount of $250,000 that is currently required in the Hawaii County Code. Councilmember Naeole stated that she thought it was a good suggestion to take this issue to Public Hearing. She gave her support to the 2% fund because she didn't want her district to end up like Kona with no open spaces. Councilmember Ford stated that she didn't feel like the Finance Department was actively negotiating to purchase property. Finance Director Nancy Crawford stated that the county spent a lot of time negotiating for Kawa but that they had to break off when a deal could not be reached. Ms. Ford indicated that four good ideas were brought forward to create revenue without using the 2% fund. She cited reassessing undervalued resort property, unfunding vacant positions within the County of Hawaii, better management on Capitol Improvement Projects to eliminate cost overruns, and impact fees on all rezone applications as other ways to generate revenue without violating the will of the people. Councilmember Ikeda stated he had a hard time supporting the purchase of more land when the County of Hawaii could not maintain the land it already had. He cited poor maintenance of park land in his district as an example. Councilmember Enriques stated he believed that the committee was not hearing from the silent majority that would support Bill 49. He encouraged all council members to take the next two weeks to really find out what the people in their communities really thought about this issue. Councilmember Hoffmann motioned to amend Bill No. 49 with the contents of communication 193.39. The amendment was approved 9-0. Mr, Hoffmann's amendment put the regularly scheduled June 20, 2009 payment back into the 2% fund to give the fund a balance of $10.8 million at the end of this fiscal year. FC Report No.: 49 Page 1 FC Report No.: 49 Page 2 Councilmember Yagong commented that all the information from the Mayor's office indicated that $4.5 million would be gained by not making the deposit to the 2% fund but in reality it would have been $6.5 million if not for Mr. Hoffmann's amendment and he thanked Mr. Hoffmann for making the amendment. Your Committee on Finance is in accord with the purpose and intent of Bill No. 49, as amended to Draft 2, and recommends it pass first reading. Sao AYES NOES A&E Ex Respectfully submitted, ENRIQUES X FORD x COM TTEE ON FINANCE GREENWELL x HOFFMANN x IKEDA x NAEOLE x ul-ONISHI x DOMINIC YAGON HAI YAGONG x FC REPOR NO. 49 YOSHIMOTO x ADOPTED: APR 2 2 2009