Hawaii

TIA Data

2022 Financial State of Hawaii (Released 10/11/2023)

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 -$23,100, 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 $11.2 billion of assets available to pay bills totaling $22.6 billion.
Because Hawaii doesn't have enough money to pay its bills, it has a -$11.4 billion financial hole. To fill it, each Hawaii taxpayer would have to send -$23,100 to the state.
Hawaii's reported net position is understated by $844.7 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
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

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

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
Can Hawaii afford climate change lawsuit settlement?

JUNE 28, 2024 | THE CENTER SQUARE | by Kim Jarrett

"The state doesn't have money sitting around that can be used for settlements like this," said Sheila A. Weinberg, founder and CEO of Truth in Accounting. "To pay for this settlement, taxes will have to be raised or services and benefits will have to be cut. The other option is to even underfund the pension and retiree health care benefits even more."

Hawaii is the first to settle a climate change lawsuit, but it may not be the last. The case may set a precedent in other states where young people have filed lawsuits over climate concerns, according to an op-ed written by Cara Horowitz, executive director of the Emmett Institute on Climate Change and the institute's communications director, Evan George.

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