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ThinkTech Hawaii: State Financial Condition Still Dismal (Talking Tax)

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‘F’ from Truth in Accounting.org. The hosts for this show are Jay Fidell and Tom Yamachika.

About one year ago, the nonprofit Truth in Accounting put out a report called ‘Financial State of the States 2021.’ That report compared published financial information from all of the states for fiscal year 2020, graded all of the states, and ranked them based on fiscal health. Hawaii received – you guessed it – an ‘F.’ The report compared assets with bills, and the shortfall came to about $37,000 per taxpayer.

What can we as a state do to pull ourself out of this mess?

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