Hawaii

2014 Data (Released 07/29/2015)

Financial State of Hawaii

Press Release

 
Hawaii owes more than it owns
At -$26,500, Hawaii's “Taxpayer's Burden” ranks 45th out of the 50 states
Hawaii is among 39 “Sinkhole States” without enough assets to cover its debt
Elected officials have created a Taxpayer Burden, which is each taxpayer's share of state bills after its assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Hawaii has only $5.4 billion of assets available to pay bills totaling $17.8 billion
To fill the $12.4 billion financial hole each Hawaii taxpayer would have to send $26,500 to the state
The state's financial report was released 184 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2013 Financial State of Hawaii

 

Other Resources

Hawaii Comprehensive Annual Report

Publishing Entity:  Hawaii Dapartment of Accounting and General Services

IN THE NEWS
Fiscal survey of the states

DECEMBER 16, 2015 | NATIONAL ASSOCIATION OF STATE BUDGET OFFICERS

Enacted state budgets for fiscal 2016 represent a sixth consecutive year of spending and revenue growth, according to this report. 

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