Honolulu, HI

TIA Data

2020 Financial State of Honolulu (Released 1/25/2022)

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Honolulu's Taxpayer Burden™ is -$31,700, and it received an "F" from TIA.
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 $3.3 billion of assets available to pay bills totaling $7.1 billion.
Because Honolulu doesn't have enough money to pay its bills, it has a $3.9 billion financial hole. To erase this shortfall, each Honolulu taxpayer would have to send $31,700 to the city.
Honolulu's reported net position is inflated by $999.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 199 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Honolulu

2018 Financial State of Honolulu

2017 Financial State of Honolulu, HI

2016 Financial State of Honolulu

Other Resources

Honolulu Comprehensive Annual Financial Reports

Publishing Entity: Department of Budget and Fiscal Services

IN THE NEWS
Honolulu 3rd Worst 'Sinkhole City'

FEBRUARY 10, 2022 | HAWAI'I FREE PRESS | by Editorial

Includes: "Based upon the city’s fiscal year 2020 audited financial report, Honolulu had a Taxpayer Burden™ of $31,700, earning it an 'F' grade from Truth in Accounting. ... Honolulu’s elected officials have repeatedly made financial decisions that left the city with a debt burden of $3.9 billion. ... "

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