HONOLULU DEBT

The skyline of Honolulu, Hawaii is seen from Tantalus Mountain Saturday, April. 9, 2005. New high-rise condominiums are changing Honolulu’s skyline and jobs are plentiful. Property values have skyrocketed, with even modest homes now costing $550,000, and property taxes are at record levels. But amidst all that wealth, Honolulu is strapped for cash and making significant budget cuts. (AP Photo/Lucy Pemoni)

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