State of Hawaii Investor Presentation
General Fund Financial Plan
General Fund Financial Plan (as of October 2023)
($MM)
Fiscal Year
REVENUES
Executive Branch:
Revenue Growth
Tax revenues
Nontax revenues
Judicial Branch revenues
Other revenues/adjustments:
Phase II - GAP Plan
TOTAL REVENUES
EXPENDITURES
Executive Branch:
Operating
CIP
Specific appropriation/collective bargaining
Other expenditures/adjustments
Wildfire Response/Recovery
Major Disaster Fund Infusion
STATE
OF
HAWAII
Adj. Act.
2022
Adj. Act.
Est.
Est.
Est.
Est.
Est.
Est.
2023
2024
2025
2026
2027
2028
2029
29.1%
$9,358.8
823.4
-1.7%
$9,200.3
1.3%
$9,319.9
965.4
841.2
5.2%
$9,804.5
852.7
3.5%
$10,147.7
872.3
29.4
26.6
29.3
29.3
29.3
3.5%
$10,502.9
877.9
29.3
3.5%
$10,870.5
901.1
29.3
3.5%
$11,250.9
917.2
29.3
(0.1)
(0.1)
0.9
0.9
$10,211.5
$10,192.2
$10,191.3
(37.5)
$10,649.9
0.9
(41.6)
$11,008.6
1.0
(54.1)
$11,357.0
1.0
1.0
(63.7)
$11,738.2
$12,198.4
7,665.8
9,184.3
0.5
10,756.2
384.3
743.6
1,567.6
377.6
10,049.3
254.9
203.0
8,895.9
8,989.5
9,282.2
9,447.1
335.6
4.4
5.0
5.0
259.6
5.0
292.3
5.0
300.4
5.0
300.3
5.0
65.0
FEMA Direct Assistance
Debris Removal
Non-Congregant Housing
Contingency Set Aside
Wildfire Funding Redirection
Sub-Total - Executive Branch
Legislative Branch
Judicial Branch
OHA
Counties
Lapses
TOTAL EXPENDITURES
150.0
30.0
200.0
100.0
100.0
(164.1)
8,745.0
42.4
166.0
10,756.8
46.3
11,604.0
174.1
46.6
189.5
10,712.2
46.6
190.0
9,260.5
46.6
189.4
9,386.8
46.6
189.4
9,587.6
46.6
9,752.4
46.6
189.4
189.4
66.3
2.3
3.3
3.0
3.0
3.0
3.0
3.0
0.1
REV. OVER (UNDER) EXPEND.
(177.2)
$8,842.5
1,369.0
(347.3)
$10,632.3
(440.1)
(80.0)
$11,763.4
(1,572.1)
(80.0)
$10,871.8
(221.9)
(80.0)
$9,419.5
1,589.1
(80.0)
$9,545.8
1,811.2
(80.0)
$9,746.6
1,991.6
(80.0)
$9,911.4
2,287.0
CARRY-OVER BALANCE (DEFICIT)
Beginning Balance
1,249.9
Ending Balance
$2,619.0
2,619.0
$2,178.9
2,178.9
$606.8
606.8
$384.9
384.9
$1,974.0
1,974.0
$3,785.2
3,785.2
$5,776.8
5,776.8
$8,063.8
EBRF (adds $500M in FY 2023, Act 115/22; adds $500M in FY 2024 as included
325.8
973.8
1,500.2
1,550.1
1,600.3
1,652.0
1,705.1
1,759.9
in the FB 23-25 Executive Budget Request)
Hawaii Hurricane Relief Fund (HHRF)
172.9
Total EBRF, HHRF, & General Fund
Total EBRF, HHRF & General Fund as % of prior year revenues
3,117.7
34.6%
169.0
3,321.7
170.0
2,277.0
170.0
170.0
170.0
2,105.0
3,744.3
5,607.2
170.0
7,651.9
170.0
9,993.7
32.5%
22.3%
20.7%
35.2%
50.9%
67.4%
85.1%
Sources: Department of Accounting and General Services; Department of Budget and Finance.
Note: Due to rounding, details may not add to totals. Please refer to the Preliminary Official Statement for related footnotes.
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