State of Connecticut

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