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City rail tax revenues are ahead of projections

By Star-Advertiser staff

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.

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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
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