Hawaii

2015 Data (Released 4/26/2016)

Financial State of Hawaii

Press Release

 
Hawaii owes more than it owns
Hawaii has a -$28,500 “Taxpayer Burden”
Hawaii is a “Sinkhole State” 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 $5.7 billion of assets available to pay bills totaling $19.3 billion
To fill the $13.6 billion financial hole each Hawaii taxpayer would have to send $28,500 to the state
The state's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Hawaii

2013 Financial State of Hawaii

 

Other Resources

Hawaii Comprehensive Annual Financial Reports

Publishing Entity: Department of Accounting and General Services

IN THE NEWS
Hawai‘i as a Sinkhole State; Maui’s Sugar Ditch Kids; Neal Conan; Common Ground Dance Festival

APRIL 29, 2016 | HAWAII PUBLIC RADIO

Hawaii and Alaska are often viewed as having a lot in common, they’re far from the mainland and now they are also far from each other financially. A report out today shows Alaska with a $52,000 surplus for each of its taxpayers while Hawaii taxpayers shoulder a burden of $28,000. That’s one of the comparisons drawn from the State Data Lab, a project of Truth in Accounting. Its founder and CEO is CPA Sheila Weinberg and when we talked early today, I asked why they call Hawaii a sinkhole state

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