Honolulu 3rd Worst 'Sinkhole City'

Editorial  |  February 10, 2022

Includes: "Based upon the city’s fiscal year 2020 audited financial report, Honolulu had a Taxpayer Burden™ of $31,700, earning it an 'F' grade from Truth in Accounting. ... Honolulu’s elected officials have repeatedly made financial decisions that left the city with a debt burden of $3.9 billion. ... The city had set aside only 53 cents for every dollar of promised pension benefits and 24 cents for every dollar of promised retiree health care benefits."

Read the full article on: Hawai'i Free Press

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