Caldwell Admits He Was Lying About Massive Property Tax Hike used to Justify GE Tax Extension
Caldwell and other rail leaders have said they need the extension now to keep construction going next year.
SA: This past winter, Honolulu’s mayor told state lawmakers that the city would need to increase property taxes 30 to 43 percent if the state refused to extend the tax surcharge funding rail.
However, most of that estimated property tax increase would go toward building future rail line extensions — not toward completing the existing cash-strapped project, Mayor Kirk Caldwell’s office confirmed in a statement this week.
The acknowledgment comes after recently released emails from the Honolulu Authority for Rapid Transportation estimated that the city would have to raise the median property tax bill by 5.6 percent to cover the existing project’s massive shortfall.....
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