Legal Debt Margin Information Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2010

State of Connecticut


Legal Debt Margin Information
Last Nine Fiscal Years
(Expressed in Thousands)
  2003 2004 2005 2006 2007 2008 2009 2010 2011
Estimated General Fund Tax Receipts $8,147,500 $8,624,000 $9,441,100 $10,455,400 $11,250,700 $12,453,200 $12,971,100 $10,927,600 $14,019,100
Statutory Multiplier 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6
Statutory Debt Limit for Debt Incurred 13,036,000 13,798,400 15,105,760 16,728,640 18,001,120 19,925,120 20,753,760 17,484,160 22,430,560
Less: Authorized Bonds, Notes, and                  
Other Obligations Subject to                  
Certain Limitations 11,724,239 12,233,029 12,486,174 12,938,435 13,481,602 14,266,573 14,876,927 15,110,495 15,493,181
Legal Debt Margin $1,311,761 $1,565,371 $2,619,586 $3,790,205 $4,519,518 $5,658,547 $5,876,833 $2,373,665 $6,937,379
                   
Legal Debt Margin as a percentage                  
of the debt limit 10.06% 11.34% 17.34% 22.66% 25.11% 28.40% 28.32% 13.58% 30.93%
                   
Date Calculation was made 11/1/02 12/16/03 1/1/05 12/16/05 2/1/07 2/1/08 2/1/09 2/1/10 10/1/11

Source: State of Connecticut General Obligation Bonds Offering Statement dated November 2, 2011