State of Hawaii Investor Presentation
STATE
Key Credit Metrics
The State's Economy and Finances Compare Favorably to Pre-Pandemic Levels
Economic Indicators
Visitor Arrivals
Visitor Expenditures
Unemployment Rate
Median Single-Family Home Price (Oahu)
FY 2019
9,952,718
$17,329 MM
2.5%
$800,000
FY 2023
9,614,849
$21,035 MM
3.0%
$1,050,000
General Excise Tax
$3,527 MM
$4,409 MM
State General Fund
Individual Personal Income Tax
$2,553 MM
$3,100 MM
Tax Revenues
Transient Accommodations Tax
$357 MM
$756 MM
General Fund Tax Revenues (1)
$7,487 MM
$9,200 MM
Pension Funded Ratio
Liabilities (2)
Pension Funding Period
OPEB Funded Ratio
EBRF Balance
General Fund Balance
Reserves and Liquiditys
(3)
Total EBRF, HHRF and GF Balance
State Treasury Pool (including demand deposits)
55.2%
26 years
16.1%
61.2%
24 years
35.0%
OF
(4)
$378 MM
$973 MM
$752 MM
$1,603 MM
$1,314 MM
$2,744 MM
$7,423 MM
$11,237 MM
1)
General fund taxes include individual net income, general excise, corporation net income, premiums of insurance companies, transient accommodations, public service companies, tobacco, liquor, inheritance, conveyance,
environmental response, franchise (banks and other financial corporations) and rental motor vehicle surcharge.
3
232
2)
3)
Based on ERS and EUTF valuation reports. FY 2023 data reflects most recent available 2022 report.
Reflects FY 2019 year-end data and estimated FY 2023 year-end data.
4)
Does not include an additional $500 million approved in FY 2023 and transferred in October 2023.
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