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Mayor's Budget FY2022 Announced

Saturday, April 03, 2021 7:55 AM | Jen Russo (Administrator)

Mayor Victorino has announced his FY2022 budget. The proposed budget totals $828.9 million, including $669.6 million for operations and $159.3 million in capital improvement projects. There is a decrease in projected operation costs by $13.2 million over FY 2021. 


The Mayor has proposed a decrease in the real property tax rate for owner-occupied residences below $1.5 million of assessed value and a decrease in all tiers of short-term rental classifications. 


Short term classification details on the proposed rates:


STR Class

Assessed Value Tiers

FY21 Rate

FY22 Proposed Rate

Change

<=$800,000 

$11.08

$10.70

($0.38)     -3.4%

$800,001 - $1,500,000

$11.08

$10.85

($0.23)     -2.1%

>$1,500,000

$11.08

$11.00

($0.08)     -0.7%



The proposed Commercialized residential classification rate is $4.60, no change from FY21.


Mayor Victorino is also proposing spending $1 million to implement climate action projects and programs for Maui County departments. 


“We must take action on climate change,” he said. “To manage this effort, my office will coordinate climate action to ensure the County’s resiliency.”


To promote cultural perpetuation, the mayor is proposing grant funding for the Maui Arts & Cultural Center, Maui Film Festival and support for a Cultural Resource Training enter to perpetuate traditional Hawaiian research and education.


“Investing in arts, culture and recreational facilities yields a double return on investment by generating economic activity while contributing to our quality of life,” the mayor remarked.


“I look forward to working with the Council during the upcoming budget process. We share the same desire to ensure the needs of our citizens are met, now and in the future. Our partnership will lead Maui County of recent dark days into a brighter tomorrow,” concluded Mayor Victorino.

Throughout the month of April, the County Council’s Budget and Finance committee will review the Mayor’s proposed budget and in late April will make their own proposal for Real property tax rates. We will keep you informed when it would be appropriate to send in testimony concerning tax rates, later this month.

https://www.mauicounty.gov/DocumentCenter/View/126246/FY-2022-Synopsis_Mayors-Proposed


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