ronpaulhawaii
01-23-2011, 11:52 PM
http://www.hawaiifreepress.com/main/ArticlesMain/tabid/56/articleType/ArticleView/articleId/3586/Truth-in-Accounting-Hawaii-hiding-an-additional-119B-in-debt.aspx
The State of Hawaii reported liabilities of only $10.2 billion. IFTA’s detailed analysis discovered that retirement liabilities of $11.9 billion were unreported by the State. When these liabilities are included, the State’s bills total $22.1 billion.
Maybe this is had something to do with the 16 month delay is the reports release... :rolleyes:
http://www.truthinaccounting.org/news/listing_article.asp?section=451§ion2=451&CatID=5&ArticleSource=913
The Institute's 50 State Study uncovered it took Hawaii 477 days (almost 16 months) to issue its 2009 CAFR. The June 30, 2009 CAFR was issued on October 20, 2010.
The State of Hawaii reported liabilities of only $10.2 billion. IFTA’s detailed analysis discovered that retirement liabilities of $11.9 billion were unreported by the State. When these liabilities are included, the State’s bills total $22.1 billion.
Maybe this is had something to do with the 16 month delay is the reports release... :rolleyes:
http://www.truthinaccounting.org/news/listing_article.asp?section=451§ion2=451&CatID=5&ArticleSource=913
The Institute's 50 State Study uncovered it took Hawaii 477 days (almost 16 months) to issue its 2009 CAFR. The June 30, 2009 CAFR was issued on October 20, 2010.