Hawaii Visitor Industry and Public Health Update
Update Since July
Since the last financing, the State's economy has held steady
Resilient Economy
Pension
OPEB
Council on Revenues
Projections
STATE
OF
1959
Monthly Unemployment Rate
Building Permits
Single Family Home Prices (Oahu)
Single Family Home Sales (Oahu)
Pre-Testing Start Date
Federal COVID-19 Funding
K-12 Education
July 2020
13.4% (June)
October 2020
12.5% (August)
$233,994,000 (6-month average until May) $261,159,000 (6-month average until July)
$797,000 (May)
248 (May)
8/1/2020 (Tentative)
$8.1 billion
Blended Learning
$880,000 (September)
391 (September)
10/15/2020 (Firm)
$10.1 billion
Blended Learning
Investment Returns
Market Value of Assets
Investment Returns
Fund Balances
1.26% (FY 2020)
$17.2 billion (FY 2020)
2.0% (FY 2020)
$2.3 billion (6/30/2020)
6.9% (FY2021 YTD)
$18.2 billion (As of 8/31/2020)
6.2% (FY2021 YTD)
$2.4 billion (As of 8/31/2020)
FY 2021
FY 2022
FY 2023-2026
-12.0%
12.0%
3.0%, 3.0%, 3.0%, 3.0%
Budget Controls
Budget Restrictions
7% Budget, 5% Contingency Restriction &
Hiring Freeze
Total Balances (1)
FY2021 & FY2025
$753.5 & ($281.8) million
3
(1) Includes General Fund ending balance, Emergency & Budget Reserve Fund (EBRF) and Hawaii Hurricane Relief Fund (HHRF).
-11.0%
8.5%
6.0%, 4.0%, 3.0%, 3.0%
5% Budget, 5% Contingency Restriction &
Hiring Freeze
$805.4 & $348.6 million
HAWAIView entire presentation