Honolulu must Shred the Budget to Save Bankrupt City


EDITIOR’S NOTE: Business Insider highlights Honolulu as among 15 cities across the nation that must perform fiscal triage to stay solvent. Peter Carlisle is Honolulu’s new mayor, sworn in on Monday, Oct. 11, 2010.

Mayor Mufi Hannemann — Honolulu Deficit through FY2011: $140,000,000

Per capita: $370

Hannemann is sticking it to the Honolulu residents who don’t vote: renters.

The Mayor’s proposal for 2011 includes a controversial rental tax hike and tax hikes and frugality across the board, with two-day-a-month furloughs for government workers.

Read more: http://www.businessinsider.com/americas-most-bankrupt-cities-2010-4#mayor-mufi-hannemann-honolulu-10#ixzz127aSOqx5