Hawaii Voters Support RISE Bonds for Infrastructure Funding
What happened
Voters in Hawaii overwhelmingly supported Resilient Infrastructure for Shelter and Equity (RISE) bonds for infrastructure funding. The bonds allow counties to finance public improvements using revenue generated by invested development, rather than raising property taxes. The constitutional amendment, which was also supported by voters, was necessary to implement this bond mechanism.
From westhawaiitoday.com
Why it matters
The approval of the RISE bonds enables counties to access new funding for public improvements, including housing around transit hubs. This mechanism, known as tax increment financing, allows local governments to fund projects without increasing property taxes, potentially stimulating local construction and housing markets.
From westhawaiitoday.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Maui CountySpeculative
Maui County might see increased funding access for county infrastructure projects.
- Kauai CountySpeculative
Kauai County could receive county funding for public infrastructure improvements.
- Hawaii CountySpeculative
Hawaii County might gain direct access to new local funding via RISE bonds for public improvements.
- RiseSpeculative
Rise could see its new bond funding mechanism enabled by the constitutional amendment.
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The entities involved
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senate
type of legislative body, often the upper house or chamber of a bicameral legislature
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Hawaii
state of the United States of America
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Rise
US non governmental organization
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