Lots of the controversy swirling around the ballot measure seeking to impose a “surcharge” on investment property to support public education involves our Department of Education. The DOE currently receives an appropriation from the state’s general fund of about $2 billion and is also able to pull from other funding sources such as federal funds.
The news recently mentioned a lawsuit that the City and County of Honolulu, now joined by the other three counties, has leveled against our state government regarding the Hawaii State Teachers Association-sponsored constitutional amendment. The counties, obviously not overjoyed at the prospect of the state slapping a surcharge on their primary source of revenue, want the courts to void the ballot question.
Hogan Hospitality Group (HHG), a hotel management company with properties in Hawaii including Kauai Shores in Kapaa, has obtained a majority interest in Marin Management Inc. (MMI), a California-based hospitality group managing properties in California, Arizona and Texas. That adds 17 hotels, restaurants and spas to HHG’s portfolio.
One of the more unique property tax exemptions in the City & County of Honolulu is the exemption for “Historic Residential Real Property Dedicated for Preservation.” Under the exemption ordinance, owners of historic homes can save thousands of dollars in real property taxes every year if they put up a certain plaque, allow viewing of the home and meet other requirements.