Hawaii

TIA Data

2018 Financial State of Hawaii (Released 9/24/2019)

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Hawaii owes more than it owns.
Hawaii's Taxpayer Burden™ is -$31,200, 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 $6.9 billion of assets available to pay bills totaling $22.4 billion.
Because Hawaii doesn't have enough money to pay its bills, it has a $15.4 billion financial hole. To fill it, each Hawaii taxpayer would have to send $31,200 to the state.
Hawaii's reported net position is inflated by $2.9 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 167 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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

Other Resources

Hawaii Comprehensive Annual Financial Reports

Publishing Entity: Department of Accounting and General Services

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