2021 Plan of Finance Amortization slide image

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.
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