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File #: EDB-90 CC 20-321    Version:
Type: County Communication Status: Agenda Ready
File created: 6/23/2020 In control: Economic Development and Budget Committee
On agenda: 8/4/2020 Final action:
Title: FISCAL YEAR 2020 ESTIMATED REVENUE SHORTFALL FOR GENERAL FUND AND SOLID WASTE MANAGEMENT FUND (EDB-90)
Attachments: 1. County Communication 20-321.pdf
Related files: CR 20-95
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Title

FISCAL YEAR 2020 ESTIMATED REVENUE SHORTFALL FOR GENERAL FUND AND SOLID WASTE MANAGEMENT FUND  (EDB-90)

 

Description

The Committee is in receipt of County Communication 20-321, from the Director of Finance, informing of the following: 1) a decrease of $1,957,000 in Transient Accommodation Tax (TAT) revenue allocated to the County for Fiscal Year 2020 due to the suspension of TAT collection after April 2020, resulting in an estimated revenue shortfall of $1,957,000 to the General Fund;  and 2) an anticipated shortfall of $2,600,000 to the Solid Waste Management Fund, Charges for Current Services, Department of Environmental Management, Solid Waste Division, due to less tonnage received at the landfills, particularly Central Maui Landfill, for Fiscal Year 2020.

 

Status

The Committee may discuss the matter.  The Committee may also consider whether to recommend the filing of County Communication 20-321 and other related action.