Voters to decide tax surcharge on investment property to help fund public education

KAILUA-KONA — Voters this year will have the opportunity to decide if Hawaii should establish a surcharge on investment property to help fund public education.

State Senators on Monday voted 23-1 to approve Senate Bill 2922 calling for a Constitutional amendment to authorize the Legislature to establish a surcharge on investment real property to support public education. The question that will placed on the ballot in November will be: “Shall the legislature be authorized to establish, as provided by law, a surcharge on investment real property to be used to support public education?”

Currently, the state Constitution authorizes counties to levy property taxes. If the amendment is approved by voters, Hawaii would join 49 other states in using property taxes to finance public education. However, the Legislature will still have to revisit the issue to determine the parameters of the tax surcharge.

“The public should be assured that the Senate has no intention of taxing the homes you live in, that is homes for which resident owners receive a homeowner’s exemption. Nor does the Senate intend to approve any surcharge on investment properties valued less than $1 million,” said Sen. Michelle Kidani, D-Oahu, who introduced the bill on behalf of the Hawaii State Teachers Association. “Further, no consideration has ever been given to a surcharge on commercial properties. The intent is and always has been to focus on residential properties.”

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  1. LOL in Kona April 23, 2018 3:36 pm Reply

    Yep!

    The Hilo folk need more $$$$

    after all, it is real tough to give away $500,000,000 and make it look good

    …..on a island in the Pacific,

    …they need a raise, they are working so hard.

    And if you need stink’in police, well, you’ll just have to pay more!!!

    …and how’s your water doing?

    …the the permits for cesspools, –gone! Gotta spend billions and billions!

    ….besides, the folk in goberment

    ……cushy salary, cushy medical, cushy pension, cushy, cushy, cushy

    need another raise!!


  2. paul April 23, 2018 4:24 pm Reply

    NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO


  3. paul April 23, 2018 4:24 pm Reply

    HELL NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO


  4. paul April 23, 2018 4:26 pm Reply

    stop the rail program on Ohau….just is a corrupt waste ,spend that money on education but no more taxes


  5. 4whatitsworth April 23, 2018 4:53 pm Reply

    The way this devious stuff works is that “public education” is a very broad term. Funding primary education K-6 would be a good investment however there is no doubt this money would be used for a slush fund to educate people to clean up after the politicians or just end up as more money for the public pension system. Just say no.


  6. Kawaii April 23, 2018 5:48 pm Reply

    You could send your kids to Parker School or HPA for the amount of money being spent per student in public school.

    Which of these schools does a better job at preparing your children for the future? The answer is not public schools. Just say no to any new tax. You are already paying too much.


  7. KonaRich April 24, 2018 6:38 am Reply

    The last paragraph tells the true story, it IS about eventually taxing the homes you live in. They start by taxing other people first (like investment real-estate, value $1M first) but they are coming after your property taxes and your homeowner’s exemptions at a later date. Things like this never work out well.


    1. Du Mhan Yhu April 24, 2018 10:59 am Reply

      Socialists never rest trying to steal the things others produce.


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