Hawaii

TIA Data

2021 Financial State of Hawaii (Released 10/25/2022)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Hawaii owes more than it owns.
Hawaii's Taxpayer Burden™ is -$33,300, and it received an "F" from TIA.
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 available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Hawaii only has $8.9 billion of assets available to pay bills totaling $26.1 billion.
Because Hawaii doesn't have enough money to pay its bills, it has a $17.2 billion financial hole. To fill it, each Hawaii taxpayer would have to send $33,300 to the state.
Hawaii's reported net position is overstated by $2.4 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of Hawaii

2019 Financial State of Hawaii

2018 Financial State of Hawaii

2017 Financial State of Hawaii

2016 Financial State of Hawaii

2015 Financial State of Hawaii

2014 Financial State of Hawaii

2013 Financial State of Hawaii

2012 Financial State of Hawaii

2011 Financial State of Hawaii

2010 Financial State of Hawaii

2009 Financial State of Hawaii

City and Other Municipal Reports

Financial State of Honolulu

2020 Financial State of Maui

Other Resources

Hawaii Annual Comprehensive Financial Reports

Publishing Entity: Department of Accounting and General Services

IN THE NEWS
On the Brink of Financial Collapse: 10 Cities In Serious Danger of Bankruptcy

JUNE 6, 2023 | MSN | by Ben Rice

"Sobering Statistics 

The study, called Financial State of the Cities 2023, was done by Truth in Accounting. It has some difficult truths: 50 out of 75 cities could not pay their bills; the combined debt for all 75 cities is $267 billion. Moreover, elected officials didn’t include the cost of government in this figure, instead pushing it onto future taxpayers."

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