Posted at 3:02 p.m., Monday, December 19, 2005
Lingle's budget includes $300M tax relief
Advertiser Staff
Gov. Linda Lingle today submitted to the Legislature a supplemental budget and financial plan that includes $300 million in tax relief, $260 million in new education money for public schools and the University of Hawai'i, and an additional $926.6 million for new capital improvements, half of which is targeted to upgrade harbors, airports and highways.The budget adds $528.5 million in operating expenses, and was developed as the state's economy is registering one of its best years ever.
"We are proud to offer the people of Hawai'i a budget and financial plan that invests in our state's future, addresses the deferred maintenance of public facilities, and eases the high cost of living for our residents," said Lingle.
Specifically, the budget requests include an additional:
- $138.8 million for public education, including $63.2 million for school repairs and maintenance.
- $45.6 million in operating funds and $251.6 million for capital improvement projects for the University of Hawai'i, of which $175 million are private funds for development of UH-West O'ahu. A total of $11.7 million in the university's budget is targeted to expand workforce development programs for teachers, nurses and construction trades.
- $20.3 million in operating funds and $462.5 million in capital improvements for state harbors, airports and highways, including $195.2 million for major renovations at Honolulu International Airport.
- And $35 million in operating funds and $6.2 million for capital improvements to continue investment in public and affordable housing projects.
