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HomeMy WebLinkAboutREP FC 026 01/22/2013 (2012-2014)OFFICE INFORMATION ONLY Meeting: Council—February 6, 2013 Action: Filed on first reading due to vote count of 1 aye (Ford) and 8 noes. Re: Bill 23; Comm. 71 ( 7-012-2014 term); FC -26 (Adopted although not indicated on report as adopted). REPORT OF THE COMMITTEE ON FINANCE DATE: January 22, 2013 Re: Comm. No. 71/Bill No. 23 PLACE: Council Chambers Kona, Hawaii TIME: 9:01 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 23, reports as follows: Bill No. 23, transmitted by Council Member Brenda Ford, via Communication No. 23 dated January 3, 2013, amends Chapter 19, Article 3, Section 19-32 of the Hawaii County Code 1983 (2005 edition, as amended), relating to reduction of the real property tax penalty and monthly interest for delinquent taxes. Bill No. 23 reduces the penalty for delinquent taxes from 10 to 5 percent for each year of such new delinquent taxes, and reduces the interest on delinquent taxes and penalties from one to one-half of one percent. Finance Director Nancy Crawford and Real Property Tax Administrator Stan Sitko came forward to address the members of the Committee. Mr. Sitko explained the method of the penalty and interest process on delinquent taxes leading to foreclosure. On the first late payment, a one-time ten percent late fee is applied; thereafter, an additional one percent penalty is applied monthly to the bill, based on the amount of the tax due. At the third year of delinquency, the foreclosure procedure begins. Ms. Crawford included that an interim billing payment plan is available to help prevent foreclosure. She informed the Committee of the foreclosure process and noted that unlike the banks, the County does not take a loss when a foreclosure is sold. It was stated by Ms. Ford that the Finance Department was not in support of Bill 23. There was great concern regarding the revenue that would be cut from the budget. Several Council Members expressed their opposition to Bill 23, as well. A firm estimated amount could not be confirmed by the Finance Department due to several variables. However, it was recognized by the Committee that the intent of Bill 23 is to give relief to those delinquent. Mr. Kern provided that if Bill No. 23 pertained specifically to homeowner exemptions, he would be in support. FC Report No. 26 FC -26 Page 2 January 22, 2013 Mr. Kanuha felt the language in Bill No. 23, if left as is, may possibly pose some future legal issues. Corporation Counsel Lincoln Ashida stated that Bill No. 23 could be better defined, and further stated the language was adequate. Ms. Eoff included that lowering the penalty from 10 to 5 percent may have the opposite effect in regard to some of the larger absentee land owners putting off payment. Ms. Ford proposed a three-year sunset date on the bill in order to seek results of Bill 23. She supports the change and feels compassionate to help those struggling in financial crisis. She urged the Committee to reconsider and support Bill 23. Your Committee on Finance is not in accord with the purpose and intent of Bill No. 23, and forwards it to Council with a negative recommendation. sc Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 26 ADOPTED: AYES NOES A&E EX EOFF X FORD X ILAGAN X KANUHA X KERN X ONISHI X POINDEXTER X WILLE X YOSHIMOTO X Respectfully submitted, COMMITTEE ON FINANCE VALERIE T. POINDEXTER, CHAIR FC REPORT NO.: 26 ADOPTED: