Balance the Hawaii state budget

You are in deficit.

You are in deficit $179,700,000.

-$179.7M

Where the Money Goes

Revenue

Rainy day fund:$0.0M

The rainy day fund has $68 million that can be used to balance the budget, but once the money's spent, it won't be available for future years, which could be risky if another financial crisis should hit.

$0.0M
0
$0.0M

General excise tax:$3.4B

$3.4B
0
$3.4B

Individual income tax:$2.4B

$2.4B
0
$2.4B

Corporate income tax:$90.9M

$90.9M
0
$90.9M

Public service company tax:$139.1M

$139.1M
0
$139.1M

Tax on insurance premiums:$167.2M

$167.2M
0
$167.2M

Cigarette and tobacco tax:$74.7M

$74.7M
0
$74.7M

Liquor tax:$47.8M

$47.8M
0
$47.8M

Tax on banks and other financial corporations:$39.1M

$39.1M
0
$39.1M

Inheritance and estate tax:$48.3M

$48.3M
0
$48.3M

Conveyance tax:$23.1M

$23.1M
0
$23.1M

Miscellaneous taxes:$16.0M

$16.0M
0
$16.0M

Transient accommodations tax:$157.3M

$157.3M
0
$157.3M

Licenses and permits:$1.0M

$1.0M
0
$1.0M

Lease rents for state properties:$12.7M

$12.7M
0
$12.7M

Federal reimbursements:$11.4M

$11.4M
0
$11.4M

Unclaimed real and personal properties transferred to the state:$3.0M

$3.0M
0
$3.0M

Charges for current services:$347.4M

$347.4M
0
$347.4M

Fines, forfeits and penalties:$2.5M

$2.5M
0
$2.5M

Repayment of loans and advances:$4.7M

$4.7M
0
$4.7M

Non-revenue receipts:$281.5M

$281.5M
0
$281.5M

Judiciary:$27.2M

$27.2M
0
$27.2M

Surplus:$0.0M

This is unspent money from fiscal 2021.

$0.0M
0
$0.0M

"Other Revenues":$221.8M

$221.8M
0
$221.8M

Debt:$0.0M

Warning! Borrowing money to balance the budget would increase the debt service in the long-term.

$0.0M
0
$0.0M

Total: $7,548,497,000.0

Spending

Medicaid: $1.2B

Warning! This area is considered politically difficult to cut. However, many states this year are considering Medicaid cuts.

$1.2B
0
$1.2B

Health fund: $829.3M

Warning! This is considered politically difficult to cut. Gov. David Ige is planning to skip $413 million of pre-funding payments in fiscal 2022. However, the state must still pay for $829 million of annual "normal costs" for public employee health benefits.

$829.3M
0
$829.3M

Retirement system: $1.1B

This spending category is protected by the Hawaii constitution and cannot be cut unless the constitutional protections were removed.

$1.1B
0
$1.1B

Debt service: $1.0B

This area cannot be cut without defaulting.

$1.0B
0
$1.0B

Accounting and General Services: $98.0M

Keep spending the same, or cut?

$98.0M
0
$98.0M

Agriculture: $12.8M

Cut spending?

$12.8M
0
$12.8M

Attorney General: $31.5M

Cut Spending?

$31.5M
0
$31.5M

Business, Econ. Dev. & Tourism: $12.5M

Cut spending?

$12.5M
0
$12.5M

Budget and Finance: $46.9M

$2.2 billion of this department's budget is spent on fringe benefits, such as public pension and health benefits. $845 million of this department's budget is spent on debt service. Fringe benefits and debt service are viewed as "fixed costs" that cannot be cut.

$46.9M
0
$46.9M

Defense: $23.2M

Cut spending?

$23.2M
0
$23.2M

Education: $1.7B

Cut spending?

$1.7B
0
$1.7B

Governor: $4.2M

Cut spending?

$4.2M
0
$4.2M

Hawaiian HomeLands: $15.9M

$15.9M
0
$15.9M

Human Resources Development: $20.5M

Cut spending?

$20.5M
0
$20.5M

Human Services: $175.0M

Cut spending?

$175.0M
0
$175.0M

Health: $637.4M

Cut spending?

$637.4M
0
$637.4M

Labor and Industrial Relations:: $14.9M

Cut spending?

$14.9M
0
$14.9M

Land and Natural Resources: $54.5M

Cut spending?

$54.5M
0
$54.5M

Lieutenant Governor: $1.0M

Cut spending?

$1.0M
0
$1.0M

Public Safety: $272.1M

Cut spending?

$272.1M
0
$272.1M

Taxation: $26.3M

Cut spending?

$26.3M
0
$26.3M

University of Hawaii: $472.2M

Cut spending?

$472.2M
0
$472.2M

Office of Hawaiian Affairs: $3.0M

Cut spending?

$3.0M
0
$3.0M

Judicial branch: $155.1M

Cut spending?

$155.1M
0
$155.1M

Legislative branch: $42.5M

Cut spending?

$42.5M
0
$42.5M

Public employee salary increases: $5.9M

Annual public employee salary increases negotiated in fiscal 2020

$5.9M
0
$5.9M

Lapses: $-80.0M

$-80.0M
0
$-80.0M

Expenditures and other adjustments: $-84.3M

$-84.3M
0
$-84.3M

Total: $7,728,172,117.0