Honolulu, HI

TIA Data

2017 Financial State of Honolulu (Released 1/29/2019)

 
Honolulu's Taxpayer Burden.™ is -$23,000, and received an "F" from TIA.
Honolulu is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Honolulu only has $2.7 billion of assets available to pay bills totaling $5.5 billion.
Because Honolulu doesn't have enough money to pay its bills, it has a $2.8 billion financial hole. To erase this shortfall, each Honolulu taxpayer would have to send $23,000 to the city.
Honolulu's reported net position is overstated by $1.1 billion, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 179 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Honolulu

Other Resources

Honolulu Comprehensive Annual Financial Reports

Publishing Entity: Department of Budget and Fiscal Services

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