Quantcast
  

Saturday, April 19, 2014         

 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

City rail tax revenues are ahead of projections

By Star-Advertiser staff

POSTED:
LAST UPDATED: 05:00 a.m. HST, Jul 22, 2011


Revenue from the general excise tax surcharge for the $5.3 billion rail transit project has exceeded the city's recent projections, the Honolulu Authority for Rapid Transportation announced Thursday in a news release.

The state collected $49.8 million in revenue from the 0.5 percent general excise surcharge for the last quarter of this fiscal year, totaling $179.1 million for this fiscal year.

That's 9 percent more than the $163.9 million HART officials projected, said HART spokeswoman Jeanne Belding.

The  surcharge collections to date total $715 million, $15 million more than the city projected.







 Print   Email   Comment | View 1 Comments   Most Popular   Save   Post   Retweet

COMMENTS
(1)
You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
Kuniarr wrote:
Pity the poor and the elderly on fixed income to have part of monies that should have gone for food and clothing taken away to pay for Rail.
on January 23,2012 | 06:43PM
IN OTHER NEWS
Breaking News