Hawaii : State Data and Comparisons : Data-Z

Hawaii

TIA Data

2023 Financial State of Hawaii (Released 10/03/2024)

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Hawaii owes more than it owns.

Hawaii has a -$16,500 Taxpayer Burden.™

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 $12.8 billion of assets available to pay bills totaling $21.7 billion.

Because Hawaii doesn't have enough money to pay its bills, it has a -$8.9 billion financial hole. To fill it, each Hawaii taxpayer would have to send -$16,500 to the state.

Hawaii's reported net position is understated by $405.3 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 271 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Hawaii

2021 Financial State of Hawaii

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