Hawaii lawmakers to consider tax on residential investment property
The Center Square) – The Hawaii Legislature will consider a bill calling for a constitutional amendment to enact a tax on residential investment property valued at over $3 million, with the proceeds going to fund public schools.
“The legislature also finds that chronic underfunding in public education undermines the State’s goal of providing a quality education to all of Hawaii’s students and to having an educated workforce,” the bill said. “Insufficient funding results in delayed repairs to school facilities, overheated classrooms, larger class sizes, a lack of adequate classroom supplies, elimination of arts and career and technical education courses, budget cuts for special education and English language learner programs, increased in-state tuition costs to attend the University of Hawaii, and an increasing number of vacant teacher positions statewide.”
