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 Comprehensive Annual Financial Reports

Publishing Entity: Department of Accounting and General Services

Ige proposes tax refund as Hawaii recovers from pandemic

FEBRUARY 10, 2022 | ASSOCIATE PRESS | by Audrey McAvoy

Includes: "Hawaii Gov. David Ige on Monday proposed refunding $100 to every taxpayer and dependent as the economy and tax receipts recover from the coronavirus pandemic. ... 'We believe that the $1 billion to the rainy day fund would really prepare Hawaii to be able to stand on its own in response to the next emergency,' he said.'"