Hawaii taxpayers are suffering a crippling tax load due to the state debts, particularly the unfunded retiree health care and unfunded pension costs.
That is the assessment from Bob Williams, president of State Budget Solutions a non-partisan advocate for state budget reform, whose organization released a new study this week showing state government debt amounts to $13,425 for every American and $37,486 for every private sector worker in this country.
Source: Hawaii Reporter. Read full article. (link)