2026-10-20 Budget

At the Honolulu City Council Budget Committee meeting on October 21, 2026, members considered two wastewater-system revenue bond measures. The Department of Environmental Services supported authorizing up to $210 million in junior-series 2026 bonds and said it planned to use variable rates based on market conditions, with potential savings estimated at about $5 million if conditions hold. Council Member Kia supported both measures, citing wastewater treatment plant and pump station improvements in the district. The transcript records the chair recommending Resolution 26-222, but does not capture its final disposition. For Resolution 26-225, authorizing up to $25 million in senior-series 2026 bonds, the department said the financing could provide flexibility and restructure existing debt service; it could not estimate savings. The committee reported that resolution out for adoption without objection.

The committee also considered Bill 40 (2026), CD1, concerning real property and affordable housing with restrictions. The Real Property Assessment Administrator said the department found the bill acceptable. The committee reported it out for passage on third reading without objection. No other procurement actions were identified.