Honolulu : State Data and Comparisons : Data-Z

Honolulu, HI

TIA Data

2023 Financial State of Honolulu (Released 02/27/2024)

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Honolulu owes more than it owns.

Honolulu has a -$17,400 Taxpayer Burden.™

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 $3.9 billion of assets available to pay bills totaling $6.1 billion.

Because Honolulu doesn't have enough money to pay its bills, it has a -$2.2 billion financial hole. To erase this shortfall, each Honolulu taxpayer would have to send -$17,400 to the city.

Honolulu's reported net position is understated by $75.1 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 193 days after its fiscal year end, which is considered untimely according to the 180 day standard.