With all 25 state senators casting votes, legislation aimed at rescuing the city’s cash-strapped rail project by raising state taxes passed out of the full Senate today with a 16-9 vote and now heads over to the House of Representatives.
Senate Bill 4 would raise the hotel room tax statewide by 1 percentage point to 10.25 percent for the next 13 years to generate $1.32 billion for rail. The measure also would extend the half-percent general excise tax surcharge on Oahu for another three years — through 2030 — to raise $1.04 billion.
The partially built rail project is significantly over budget, with estimated costs swelling from $5.26 billion in late 2014 to nearly $10 billion, including financing costs.
http://www.staradvertiser.com/2017/08/30/breaking-news/full-senate-votes-16-9-in-support-of-oahu-rail-bailout/
http://www.staradvertiser.com/2017/08/20/hawaii-news/volcanic-ash/management-not-funding-of-rail-needs-to-be-explored/
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