Tuesday, August 26, 2008

Where Will Rail's Funds Come From



Not too long ago, City Councilman Donovan Dela Cruz grilled City Transportation Services Director Wayne Yoshioka on where funding for the $6.4 billion rail project will come from. After dodging the question several times, the director finally says the funding source will be from your property taxes.

Folks, Honolulu cannot pay for rail through higher property taxes. This is what will happen if rail is allowed to be built. Your property taxes will all increase to pay for rail. Some people have speculated that property taxes could be increased to an amount as high as 40% over what is paid today. This will make it very expensive for not only home owners, but also businesses, industry and even renters.

Watch the video. The time to stop the train is now.

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