Waiehu Golf Course Saved

Maui County Council Budget and Finance Committee finalized the budget for 2018. The budget includes saving Waiehu Golf Course, and funds to resurface roads. The budget for 2018 fiscal year will take effect on July 1.

The proposed budget is $45.3 million more than the current fiscal years budget. $5.2 million is allocated for road resurfacing, and $2.5 million on environmental protection. Saving the golf course was a priority for the committee.  Other Budget highlights include $4.3 Million for the revitalization of Wailuku town, $25 million for a new county service center at the Maui Business Park in Kahului, $1.2 Million for the expansion of Kula Agricultural Park, just to name a few.

To read this article in its entirety list Maui News here.

Budget For Kaiser Agreed On

A budget for the Maui County hospitals to be run by Kaiser Permanente was agreed upon by legislative officials on Monday.  The $33.4 million budget would include improvement and expansion plans as well.

The final total figure has not been agreed upon, but the two-year budget is expect to run from July 1, 2017 to June 30, 2019. Lawmakers could go to vote as early as tomorrow on budget bills.

Other budget items that may be voted on include $3.7 million for the Paia bypass design, $103 million for Kahului Airport improvements, $9.3 million for Kaanapali Beach restoration, $2 million to replace the gym floor and make band room expansions at Maui High School, and many others! All budget worksheet details are available in the Office of Executive Judiciary and Office of Hawaiian Affairs.

To view this article in it’s entirety visit Maui News here.

Grid Solar Supply

For a short time, MECO is processing Maui Customer Grid Supply Solar solar applications again, without the need for batteries.  This won’t last long! Right now, you have an opportunity to get your solar PV system pre-approved, and save you thousands of dollars, since you can do it without batteries. If you are even contemplating solar PV, you should submit an application now. This will keep your options open for the next 18 months. Pacific Energy does not charge an application processing fee, like almost all other solar companies. Contact Pacific Energy to submit an application within the next few weeks, to be sure you can take advantage of this opportunity. Please tell your clients, friends and family.
*Disclosure: The owner of Pacific Energy is related to the owners of Maui Luxury Real Estate.

Makena Project To Move Forward

Maui Planning Commission received just enough votes to move forward with the proposed Makena Resort Project.  The proposed 158 Unit project would include 88 multifamily units, 20 single family cottages, 26 single family customs lots, 10 vacation rentals, and a resort oriented 14 condos and commercial space.

The planning commission has been presented with alternative plans that would include affordable workforce housing in one of the buildings.  Other proposed alternatives would be moving larger structures inward and have smaller structures be road side.

To read this entire article, visit the Maui News website here.

For more information email us at Hansens@MauiReal Estate.Net of Maui Luxury Real Estate LLC, Wailea Town Center, Maui Hawaii.

Fed Likely To Raise Interest Rates This Month

Federal Reserve chairwoman Janet L. Yellen, stated Friday that the Fed was likely to raise the benchmark interest rate this month.  This increased rate is coming sooner than expected.  The last benchmark rate increase occurred in December.  The rate was increased from .5 percent to .75 percent.

With healthy unemployment rates at 4.8 percent the Fed considers inflation rising back to 2 percent to be considered optimal.  Ms. Yellen expects further increases in upcoming years to maintain a neutral stance.

Information provided by the New York Times.  You can read the entire article here.