Hawaii Senate Bill SB2702

Hawaii 2022 Regular Session

• Introduced: 1/21/22
• Refer: 1/24/22

Caption

Relating To Early Education.

Impact

The bill mandates that funds raised through the conveyance tax must be allocated to early care and learning programs, thus providing a consistent funding source to address existing gaps in the childcare system. Additionally, SB2702 includes appropriations for early childhood apprenticeship programs aimed at recruiting and retaining qualified professionals within the early childhood education sector. This not only strives to improve the quality of early education but also aims to expand the availability of such services in the state.

Summary

SB2702 is a legislative measure aimed at enhancing early education in Hawaii. This bill comes in response to the escalating demand for quality early childcare and education programs, a concern exacerbated by the disruptions caused by the COVID-19 pandemic. The core objective of SB2702 is to provide robust support for the early childhood workforce, which is essential for nurturing Hawaii's children and supporting working families. The bill proposes to increase the conveyance tax on properties valued at $2,000,000 or higher, directing certain proceeds into the newly established Early Learning Special Fund.

Contention

While proponents of the bill argue that increasing funding and support for early education is crucial for the state’s development, potential points of contention include concerns regarding the tax increase on high-value properties. Opponents may argue that raising the conveyance tax could disproportionately impact higher-income property owners and deter investment in the state. Furthermore, there may be discussions around how effectively the funds will be utilized and monitored within the early education framework. Therefore, the balancing act of public support for increased early education funding against possible economic backlash from increased taxation will be pivotal in the discussion around SB2702.