Hawaii County Seeks RISE Financing Tool for $783 Million in Infrastructure Needs
What happened
Hawaii County is seeking a new financing tool called RISE to address aging infrastructure. The county estimates it requires approximately $783 million for wastewater infrastructure, covering needs such as treatment plant upgrades and sewer line repairs. RISE would allow the county to fund eligible public improvements, including roads and water systems, by repaying the cost using new property tax revenue generated by growth in the designated area.
From westhawaiitoday.com
Why it matters
The proposed RISE financing tool would allow Hawaii County to fund necessary public improvements that support new housing development. The repayment mechanism is tied to new property tax revenue from growth, rather than raising existing property tax rates.
From westhawaiitoday.com
Who's involved
- Hawaii CountyThe county seeking the financing tool to address infrastructure requirements.
- county councilThe elected administrative body responsible for approving long-term planning documents for Hawaii County.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- County infrastructure plan may improve Hilo's essential servicesHawaii County's infrastructure plan may improve Hilo's essential servicesPossible
- County council must approve RISE bonds for infrastructure fundingCounty council must approve RISE bonds to fund $783 million in infrastructure needsPossible
- New financing may improve Hawaii Emergency Management Agency's capacityImproved infrastructure could boost Hawaii Emergency Management Agency's resiliencePossible
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The entities involved
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Hawaii County
county in Hawaii, United States
Nothing else this week.
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Hawaii
state of the United States of America