Tuesday, May 28, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, July 10, 2020
City Council defers borrowing for rail
By Grassroot Institute @ 4:11 AM :: 2668 Views :: Honolulu County, Rail

City Council defers borrowing for rail

News Release from Grassroot Institute of Hawaii, July 9, 2020

The Grassroot Institute of Hawaii had urged Honolulu Council members to reassess rail, cut spending, pay off debt and give taxpayers a break

We'd like to take credit for it, but even if it wasn't because of us, we're happy the Honolulu City Council yesterday sent back to committee a resolution that would have authorized up to $26 million in borrowing to help fund its over-budget and behind-schedule rail project.

"Finally, they're going to verify HART's numbers and have a special meeting to discuss options," said community advocate Natalie Iwasa, referring to the Honolulu Authority for Rapid Transportation.

The record shows that the Grassroot Institute of Hawaii was the only organization to submit testimony on the resolution, though others might have submitted after the official deadline. In any case, thank goodness for the Council's decision, and let's hope its members really did read our testimony.

In it, Joe Kent, institute executive vice president, said the county already is on track to exceed its debt limit — set at 20% of its operating budget — by fiscal 2026, and more borrowing now would only make things worse.

He noted that county officials are also considering borrowing money from the federal government, to help make up for an estimated $130 million in decreased tax revenues caused by the state and county coronavirus lockdowns, while yet still working with a budget that calls for a 3% percent spending increase in fiscal 2021.

Kent said rather than borrow more money, the Council should reassess the rail project and focus on reducing spending and paying off debt. Doing so, he said, "would ease pressure on the county’s budget — and on Honolulu taxpayers who are struggling to balance their own budgets."



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute


Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii


Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii


National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii


Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns


West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii