Title
AMENDING THE FISCAL YEAR 2025 BUDGET: ESTIMATED REVENUES; DEPARTMENT OF FINANCE, COUNTYWIDE COSTS, REIMBURSEMENT TO THE GENERAL FUND FOR PROJECTS DISQUALIFIED FROM TAX-EXEMPT BOND ISSUANCE (BFED-39)
Description
The Committee is in receipt of the following:
1. Bill 58 (2025), entitled “A BILL FOR AN ORDINANCE A BILL FOR AN ORDINANCE AMENDING THE FISCAL YEAR 2025 BUDGET FOR THE COUNTY OF MAUI, ESTIMATED REVENUES; DEPARTMENT OF FINANCE, COUNTYWIDE COSTS, REIMBURSEMENT TO THE GENERAL FUND FOR PROJECTS DISQUALIFIED FROM TAX-EXEMPT BOND ISSUANCE.” Bill 58’s purpose is to amend the Fiscal Year 2025 Budget by: 1) amending Section 2, Estimated Revenues, by increasing Carryover/Savings from the General Fund by $5,790,476; 2) amending Section 3.B.6.g, Department of Finance, Countywide Costs, by adding a new appropriation entitled “Reimbursement to the General Fund for Projects Disqualified from Tax-Exempt Bond Issuance” in the amount of $5,790,476; and 3) adjusting the totals accordingly.
2. A Certification of Additional Revenues for Fiscal Year 2025, dated April 25, 2025, for $5,790,476 in Carryover/Savings from the General Fund.
Status
The Committee may consider whether to recommend passage of Bill 58 (2025) on first reading, with or without revisions. The Committee may also consider the filing of Bill 58 (2025) and other related action.