Constitutional Amendment on Resilient Infrastructure for Shelter and Equity (RISE) Bonds
Plain-English Summary
This amendment would authorize counties and other local governments in Hawaii to issue resilient infrastructure for shelter and equity (RISE) bonds. These bonds would finance public works projects and other housing and community development expenses. The amendment would also make the bonds payable from real property taxes and exempt them from a county's debt limit calculation.
What each outcome does
If the amendment passes, counties and other local governments will be able to issue RISE bonds to fund public works, housing, and community development projects. These bonds would be payable from real property taxes and would not count towards a county's debt limit.
If the amendment fails, counties and other local governments will not be authorized to issue RISE bonds under these specific conditions. Existing methods for financing public works, housing, and community development projects would remain in place.
Who is funding each side
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