State of Connecticut

Notes to the Financial Statements

June 30, 2011

Note 6 Taxes Receivable

Taxes receivable consisted of the following as of June 30, 2011 (amounts in thousands):

Governmental Activities
General Transportation
Fund Fund Total
Sales and Use $526,930 $- $526,930
Income Taxes 249,252 - 249,252
Corporations 100,078 - 100,078
Gasoline and Special Fuel 42,600 42,600
Various Other 330,997 - 330,997
Total Taxes Receivable 1,207,257 42,600 1,249,857
Allowance for Uncollectibles (196,157) (143) (196,300)
Taxes Receivable, Net $1,011,100 $42,457 $1,053,557