03-05-2020, 10:34 AM
https://www.hawaiitribune-herald.com/202...ild-roads/
A move to leverage the county general excise tax by floating bonds to expedite road projects could mean the payments stretch out past the 2030 expiration of the GET.
But County Council Chairman Aaron Chung, who’s sponsoring a bill authorizing the issuance of $103 million in bonds, says he stills believes the debt can be sustainable in the budget in the interim. It’s also possible the state Legislature could extend the county one-half cent surcharge beyond the Dec. 31, 2030, sunset date, he said.
Meanwhile the State is "concerned" about coronavirus killing our tourism-only economy.
It seems fair to ask "what happens when your GET collections miss the mark".
Perhaps more to the point: road projects can drag on for years, I really don't think the problem is "not having cash-in-hand".
Even without the addition of bonds contemplated in Bill 145 ... debt service to $59.5 million out of a $625.9 million budget.
If we hadn't taken on all that debt.....
A move to leverage the county general excise tax by floating bonds to expedite road projects could mean the payments stretch out past the 2030 expiration of the GET.
But County Council Chairman Aaron Chung, who’s sponsoring a bill authorizing the issuance of $103 million in bonds, says he stills believes the debt can be sustainable in the budget in the interim. It’s also possible the state Legislature could extend the county one-half cent surcharge beyond the Dec. 31, 2030, sunset date, he said.
Meanwhile the State is "concerned" about coronavirus killing our tourism-only economy.
It seems fair to ask "what happens when your GET collections miss the mark".
Perhaps more to the point: road projects can drag on for years, I really don't think the problem is "not having cash-in-hand".
Even without the addition of bonds contemplated in Bill 145 ... debt service to $59.5 million out of a $625.9 million budget.
If we hadn't taken on all that debt.....
