Proposing amendments to the Hawaii Constitution to allow a surcharge on high-value residential investment properties to fund public education.

This bill proposes amendments to Articles VIII and X of the Hawaii Constitution to authorize the state legislature to establish a surcharge on residential investment properties valued at $3 million or more, excluding primary residences, to increase funding for public education. The bill aims to address chronic underfunding of public education, which has led to aging facilities, larger class sizes, and inadequate resources. The surcharge would not apply to affordable housing developments under regulatory agreements.

Proposing amendments to the Hawaii Constitution to allow a surcharge on high-value residential investment properties to fund public education.

This bill proposes amendments to Articles VIII and X of the Hawaii Constitution to authorize the state legislature to establish a surcharge on residential investment properties valued at $3 million or more, excluding primary residences, to increase funding for public education. The bill aims to address chronic underfunding of public education, which has led to aging facilities, larger class sizes, and inadequate resources. The surcharge would not apply to affordable housing developments under regulatory agreements.