Honolulu’s mayor, who is running for governor, resigned from office on Tuesday to comply with a Hawaii state law that precludes a sitting mayor from running for office.

City managing director Kirk Caldwell became acting mayor, pending a special election that will choose someone to complete the two remaining years of Mufi Hannemann’s term.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.