New Honolulu Nevertheless Trying To Bail Out The Monorail... Tidings Update: Amount Senate Votes 16-9 Inwards Back Upwardly Of Oahu Rails Bailout Past Times Raising Taxes

With all 25 pose down senators casting votes, legislation aimed at rescuing the city’s cash-strapped runway projection yesteryear raising pose down taxes passed out of the sum Senate today alongside a 16-9 vote in addition to forthwith heads over to the House of Representatives.

Senate Bill four would heighten the hotel room revenue enhancement statewide yesteryear ane per centum request to 10.25 percent for the adjacent thirteen years to generate $1.32 billion for rail. The mensurate equally good would extend the half-percent full general excise revenue enhancement surcharge on Oahu for around other 3 years — through 2030 — to heighten $1.04 billion.

The partially built runway projection is significantly over budget, alongside estimated costs swelling from $5.26 billion inwards slow 2014 to most $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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