| Computation of Legal Debt Margin | |
|---|---|
| November 1, 2002 | |
| (Expressed in Thousands) | |
| Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 2002 | $8,147,500 |
| Factor | 1.6 |
| Statutory Debt Limit for Debt Incurred | 13,036,000 |
| Less: Authorized Bonds, Notes, and Other Obligations subject to | |
| certain limitations. | 11,724,239 |
| Legal Debt Margin | $1,311,761 |
| SOURCE: | State of Connecticut General Obligation Bonds Offering Statement |
| Dated December 1, 2002 |