2021 Plan of Finance Amortization
HAWAI
Introduction
The State's Economic and Financial Metrics are Returning to or Exceeding Pre-Pandemic Levels
Monthly Economic
Indicators (1)
Unemployment Rate
Single Family Home Prices (Oahu)
Single Family Home Sales (Oahu)
Visitor Arrivals
Visitor Expenditures
June 2019
3.1%
$800,000
327
June 2020
14.4%
$770,000
June 2021
7.7%
$979,000
OF
STATE O
947,112
$1,630,780,000
302
17,068
$107,000,000 (5)
451
791,053
$1,437,100,000
-5.4% (Actual)
1959
Council on Revenues
Projections (2)
FY 2020 Growth Rate
FY 2021 Growth Rate
4.1%
3.0%
-5.4% (Actual)
-11.0%
8.1% (Actual)
General Excise Tax
$262,819,000
$220,148,000
$294,303,000
Monthly State Tax
Revenues (1)
Personal Income Tax (Withholding)
Transient Accommodations Tax
$164,776,000
$42,571,000
General Fund Revenues
$589,649,000
$150,190,000
$5,302,000
$478,090,000
$185,823,000
$44,267,000
$735,357,000
Pension (3)
OPEB (3)
Market Value of Assets
$17.2 billion
Fund Balances
$1.8 billion
$18.0 billion
$2.3 billion
$21.4 billion
$3.7 billion
EBRF Balance
$378.2 million
$58.9 million
HHRF Balance
$183.8 million
$191.3 million
Reserves and
Liquidity (4)
General Fund Balance
$752.1 million
$991.7 million
Total EBRF, HHRF and GF Balance
$1.3 billion
$1.2 billion
$319.5 million
$187.2 million
$1,249.9 million
$1.8 billion
State Treasury Pool
$7.4 billion
$7.3 billion
$9.6 billion
3
ཋསེཏེཝཧེ
(1) Source: State of Hawaii Department of Business, Economic Development & Tourism - Monthly Economic Indicators.
(2) Forecasts: State of Hawaii Department of Taxation Council on Revenues; Actuals: State of Hawaii Department of Budget and Finance.
(3) State of Hawaii Employee Retirement System and Employer - Union Health Benefits Trust Fund. Pension market value is preliminary and subject to adjustment.
(4)
State of Hawaii Department of Budget and Finance. Unaudited for FY 2021.
(5)
Estimated.View entire presentation