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Committee advances climate resiliency fund to public hearing after administration outlines uses and preliminary revenue estimates
Summary
The Budget Committee amended Bill 15 to create a climate resiliency fund and reported it out for second reading and a public hearing after administration officials outlined uses, preliminary revenue estimates and project priorities.
The Honolulu City Council Budget Committee amended and advanced Bill 15 of 2025, which would create a climate resiliency fund to receive and expend monies to support resilience projects, to second reading and scheduled a public hearing after presentations from administration officials and OCCSR.
Andy Kawano, director of Budget and Fiscal Services, told the committee the fund would be seeded from the real property tax set‑aside approved by voters and that "based on our current real property tax revenue estimates, we're looking at about $9,000,000 per year" for the fund. Kawano said the amount would provide initial planning and seed money but that long‑term liabilities from sea‑level rise, storms and…
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