Throw The Bums Out! Honolulu Property Tax To Increase?

February 26th, 2010 categories: Rants & Riffs, The Market

It’s no surprise that the State of Hawaii and the City and County of Honolulu are short of dollars. The disappointing issue is the lack of discussion concerning spending cuts! Both the State and City have been spending beyond their means for sometime, yet the only solutions being proposed are increases in fees and taxes. According to a Honolulu Advertiser article, the State is trying to discontinue sending the Transient Accommodations Tax to the City; as a result the City is considering raising property taxes.

“Honolulu Managing Director Kirk Caldwell said the city likely will increase tax rates on second homes or investment properties even if the city receives its cut of the TAT funds. He said that at this point, owner-occupants are not being considered for property tax increases.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE

Here’s my political commentary for the day, we need to “throw the bums out” and elect representatives that see government’s role in our life as limited. This means that many of the things the City and State are now doing should be cut and returned to the private sector. The solution to our current problems will not come from increasing taxes on an already over taxed populace.

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If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

This entry was posted on Friday, February 26th, 2010 at 6:00 am and is filed under Rants & Riffs, The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.