HART Receives $51 Million in Get Revenue for Rail Construction

The Honolulu Authority for Rapid Transportation (HART) received $51.2 million in General Excise and Use Tax (GET) surcharge revenue for the final quarter of calendar year 2015.

The quarterly installment of GET surcharge revenue covers the months of October, November and December, and was about $8.4 million dollars less than was forecasted for the quarter based on the project’s current financial plan.

“We have now collected a total of $1.63 billion in surcharge revenue for the rail project,” said HART Executive Director and CEO Dan Grabauskas. “Our overall surcharge revenue is still tracking about 1.18 per cent below projections, which amounts to roughly $39 million less than projected. We will continue to monitor our GET revenue closely.”

For the previous quarter covering July, August and September, HART received $64.8 million in surcharge revenue, which was $8.3 million above projections for that quarter.

The half-percent GET surcharge for Oahu, which by law can only be used for the rail system, began in January 2007. The surcharge revenue is expected to fund more than 70 percent of the project’s costs, with the remaining balance to be paid using federal funds.

Logo - Shop and Dine on the Line

Business Sign-Up

Please fill out our online form below to sign up for HART’s Shop & Dine on the Line program. Your information will be submitted to HART for consideration and is subject to the Agreement Terms & Conditions outlined below. HART reserves the right to reject, cancel or remove any advertising from its program venues for any reason at any time.

Contact Name(Required)
Address Phone WebsiteActions
Input the full name of the person authorized to agree to these terms and conditions on behalf of your company.
MM slash DD slash YYYY

HART Weekly eBlast

Our weekly newsletter will keep you up-to-date about the project, news, construction, and information on upcoming events.

Sign up for our weekly eBlast
Skip to content