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Committee reports several budget measures and weighs renter-relief tax change; BFS says $14.96M revenue impact
Summary
The committee reported HART operating and capital budgets and a bond authorization bill out for second reading; Council Chair Waters proposed lowering the first rental tax tier to $3.50 per $1,000, and the Department of Budget and Fiscal Services estimated the revenue loss at about $14.96 million.
In addition to the capital budget discussion, the Budget Committee reported multiple items out for second reading and public hearing.
Deputy Executive Director Michael O’Keefe appeared for the Honolulu Authority for Rapid Transportation (HART) and presented both the operating (Bill 26-2026) and capital (Bill 27-2026) requests; with no public testimony the chair recommended both bills be…
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