Honolulu : State Data and Comparisons : Data-Z

Honolulu, HI

TIA Data

2022 Financial State of Honolulu (Released 2/15/2024)

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Honolulu owes more than it owns.

Honolulu's Taxpayer Burden™ is -$24,200, 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 $3.8 billion of assets available to pay bills totaling $6.6 billion.

Because Honolulu doesn't have enough money to pay its bills, it has a -$2.8 billion financial hole. To erase this shortfall, each Honolulu taxpayer would have to send -$24,200 to the city.

Honolulu's reported net position is understated by $44.2 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Honolulu

2020 Financial State of Honolulu

2019 Financial State of Honolulu

2018 Financial State of Honolulu

2017 Financial State of Honolulu

2016 Financial State of Honolulu

Other Resources

Honolulu Annual Comprehensive Financial Reports

Publishing Entity: Department of Budget and Fiscal Services