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HART requests $177.6 million operating, $891.5 million capital in FY27; federal tranches, debt service drive budget
Summary
The Honolulu Authority for Rapid Transportation told the Council its FY27 operating request is $177.6 million and its capital ask is $891.5 million, driven largely by debt-service payments and federal FFGA tranches tied to utility-relocation milestones. Council members pressed HART on funding timing, contractor requirements and Park-and-Ride timelines.
The Honolulu Authority for Rapid Transportation (HART) presented its FY27 budget request to the City Council Committee on Budget on March 11, asking for a $177.6 million operating budget and an $891.5 million capital program.
HART Deputy Executive Director Michael O'Keefe, who led the briefing, said debt service comprises the vast majority of the operating request. “Approximately 97% of our operating budget request is comprised of debt service,” he said, citing principal and interest payments on outstanding bonds and related administrative fees. O'Keefe told the committee HART had about $750 million in outstanding debt as of March 2026.
Why it matters: large debt-service obligations constrain near-term operating flexibility and make HART reliant on scheduled…
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