State of Hawaii Investor Presentation slide image

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. HAWAII
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