State of Connecticut

Notes to the Financial Statements

June 30, 2006

Note 6 Taxes Receivable

Taxes receivable consisted of the following as of June 30, 2008 (amounts in thousands):

General Transportation
Fund Fund Total
Sales and Use $ 294,417 $ - $ 294,417
Income Taxes 518,900 - 518,900
Corporations 77,432 - 77,432
Gasoline and Special Fuel - 40,653 40,653
Various Other 258,383 - 258,383
Total Taxes Receivable 1,149,132 40,653 1,189,785
Allowance for Uncollectibles (150,279) (389) (150,668)
Taxes Receivable, Net $ 998,853 $ 40,264 $ 1,039,117