Hawaii’s budget increased, cumulatively, more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $2.3 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $20.0 billion too much.
  • The 2023 all funds budget is $4.0 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $28.8 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $15.29
  • FY 2025 Only State Funds Budget Limit ($ Billions): $16.05
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 4.99%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $1,592
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $6,367
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $13,924
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $55,695

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $19.00
  • FY 2025 All Funds Budget Limit ($ Billions): $19.95
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 4.99%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: $2,780
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: $11,121
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: $20,052
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: $80,206

Other Considerations