Honolulu rail agency collects $65M in tax revenue in Q1, 16% more than expected

The Honolulu Authority for Rapid Transportation received $65 million in general excise and use tax surcharge revenue during the first quarter, approximately $9 million, or 16 percent, above its projections. The money will be used for the construction of Honolulu’s rail project. “We now have collected nearly $1.47 billion in local revenue funding for rail,” HART executive director and CEO Dan Grabauskas, said in a statement. “While our overall collections remain about $30 million lower than…