The Honolulu Authority for Rapid Transportation’s proposed operating and capital budgets for fiscal year 2027 will total nearly $1.07 billion — 10.4% above the agency’s current total budget of $968.3 million adopted in June, rail officials say.

The HART board of directors’ Finance Committee approved both proposed budgets, which will tackle increases to debt service on the rail project’s loans and pay for new contracts that include park-and-ride lots and other station facilities for the over-$10 billion Skyline project, agency reports state.

The rail agency’s total operating budget for 2026 will rise to nearly $177.6 million — an increase of $2.8 million, or almost 1.7%, over the rail agency’s current $174.7 million spending plan.

Of that more than $177 million amount, $172.6 million — o

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