Mayor Michael Victorino signed into law Maui County’s $1 billion budget for the next fiscal year on Thursday, paving the way for lower tax rates for some residents while increasing funding for affordable housing and economic diversification. .
The budget takes effect July 1, with funding to set up the county’s brand new Department of Agriculture, $28 million for roads and nearly $29 million for parks. The county is also investing the most money in affordable housing in its history, made possible by increased taxes on second homes and a new tax on hotels.
“We have focused primarily on the health and safety of our residents during the pandemic,” Victorino said in a press release. “Now is the time to rebuild and revive the things that make Maui County no ka oi.”
Other big projects the county plans to fund over the next year include a $54 million Native Hawaiian arts center, a new paid parking program for tourists, and a grant program that will help farmers and local ranchers to tap up to $3 million to grow their business.
Learn more about how Maui County plans to spend $1 billion over the next year by reading Civil Beat’s previous coverage.
Civil Beat’s coverage of Maui County is funded in part by grants from the Nuestro Futuro Foundation and the Fred Baldwin Memorial Foundation.