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HomeMy WebLinkAboutREP FC 085 2018/02/20 (2016-2018) REPORT OF THE COMMITTEE ON FINANCE DATE: February 20, 2018 Re: Comm. No. 737/Bill 106 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 9:07 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill 106, reports as follows: Bill 106, transmitted by Finance Director Deanna Sako, via Communication No. 737 dated February 1, 2018, amends Ordinance No. 17-39, as amended, the Operating Budget for the County of Hawai`i for the fiscal year ending June 30, 2018. This bill increases revenue in the Fuel Tax account ($4 million) due to the increased Fuel Tax rate in the current fiscal year; and appropriates the same to the following accounts: Highways Maintenance Service—Roadside Maintenance Service ($1.4 million), Highway Mass Transit—Other Current Expenses ($1 million), Highway Maintenance Administration—Other Current Expenses ($490,000), Traffic Division—Traffic Safety($260,000), Traffic Division— Signals & Street Lights ($550,000), and Public Safety Disaster/Emergency—Highway Fund ($300,000). A breakdown summary was given by Aaron Brown, Business Manager for the Department of Public Works (DPW). He explained the fuel tax revenues generated and where the funds will be going and noted that the department found it necessary to maintain operations and put some funding back in needed areas. Mr. Brown stated that DPW is looking to put$1 million into Mass Transit system, funds to be used for the Traffic Division for synchronization which would help with traffic flow. Also, funds will go to the Public Safety and Disaster Emergency fund, which, unfortunately was getting cut year after year. Mr. Brown explained that roads are a major investment that DPW will allocate funds towards. He estimated that during the first year of increase in the fuel tax, the increase will generate approximately$4 million. Council Member Eileen O'Hara commented that on top of the one cent increase, it ended up being about $850,000 due to the fact that this past year was not a full twelve months. Your Committee on Finance is in accord with the purpose and intent of Bill No. 106, and recommends its passage on first reading. dmm AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID x COMMITTEE ON FINANCE • EOFF X KANUHA X IMP LEE LOY X40--11111.P ' O'HARA X '41111r-:. �• POINDEXTER X MAILE DAVID, CHAIR RICHARDS X FC REPORT NO.: 85 RUGGLES X ADOPTED: MAR 1 4 2018