Budget, Finance, and Economic Development Committee (2025-2027) - 2026-04-24
Meeting Intelligence Preview
Meeting Summary
The Budget, Finance, and Economic Development Committee worked to balance the FY2027 budget, ultimately achieving balance through adjustments to non-owner occupied property tax tier thresholds rather than rate increases.
Key Decisions (17)
Non-Owner Occupied Property Tax Tier Threshold Changes
Lahaina Restoration Foundation Funding Reduction
Paris Housing Program Reduction
Ho'onani Village Mixed Use Development GET Funding Condition
Managed Retreat Fund Reduction
Development Activity (2)
Ho'onani Village Mixed Use Development
Mixed-Use
Lahaina Royal Complex Restoration
Other
Market Signals (5)
Housing Demand
Committee expressed urgency for housing development, noting 'we needed housing…
Sentiment
Non-owner occupied property owners experiencing significant tax burden increases, with…
Infrastructure
Managed retreat fund has been actively used for shoreline property…
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