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First-quarter collection for rail transit hits $61.7 million

By Marcel Honoré

POSTED: 01:30 a.m. HST, May 03, 2014

~~<p>Honolulu's future rail transit line, whose concrete guideway is starting to take greater shape along southern Oahu, received nearly $62 million in local tax surcharge dollars from January through March to help fund its completion, proj&shy;ect officials report.</p>
<p>That's the second-largest quarterly take for the proj&shy;ect since collection of the island's 0.5 percent general excise tax surcharge began in 2007. The proj&shy;ect received its largest amount two quarters ago, when it got nearly $64 million for the period that ended Sept. 30.</p>
~~

Honolulu's future rail transit line, whose concrete guideway is starting to take greater shape along southern Oahu, received nearly $62 million in local tax surcharge dollars from January through March to help fund its completion, proj­ect officials report.

That's the second-largest quarterly take for the proj­ect since collection of the island's 0.5 percent general excise tax surcharge began in 2007. The proj­ect received its largest amount two quarters ago, when it got nearly $64 million for the period that ended Sept. 30. Login for more...



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