GET funds for transit project fall short by $33M

Rail officials suspect the state erred in its payout, which could force HART to trim or use up other cash

By Marcel Honoré

POSTED: 01:30 a.m. HST, Mar 02, 2013

~~<p>Money from Oahu's general excise tax surcharge has fallen $33 million short of anticipated this fiscal year for the city's $5.26 billion transit project despite growth in overall state GET collections, leading rail officials to believe the state has made mistakes on payments it should have received.</p>
<p>Honolulu Authority for Rapid Transportation officials estimated they would receive $102 million in GET payments through the first two quarters of fiscal year 2013. Instead, they received $69 million.</p>
~~

Money from Oahu's general excise tax surcharge has fallen $33 million short of anticipated this fiscal year for the city's $5.26 billion transit project despite growth in overall state GET collections, leading rail officials to believe the state has made mistakes on payments it should have received.

Honolulu Authority for Rapid Transportation officials estimated they would receive $102 million in GET payments through the first two quarters of fiscal year 2013. Instead, they received $69 million. Login for more...