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Hilo, Hawaii News, Sports, & Information Thursday, September 2, 2010



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Posted: Tuesday, November 17th, 2009 4:45 AM HST

Honolulu transit tax receipts drop 30 percent

By Associated Press

HONOLULU (AP) — Receipts from the Honolulu transit tax designed to pay the city's planned rail line fell 30 percent in October from a year earlier to $8.9 million.

Tax collections have dropped amid declining visitor arrivals and rising unemployment.

This has depressed tax revenues needed to build Honolulu's planned 20-mile train from East Kapolei to Ala Moana.

Earlier this year, city officials sharply lowered transit tax collection forecasts from $16.5 million a month to $13.7 million a month.

The revenues result from a half-percentage-point surcharge added to the general excise tax in Honolulu in January 2007.


(Copyright 2009 Associated Press. All rights reserved)



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