Legal Debt Margin Information
Last Ten Fiscal Years
(Expressed in Thousands)
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Estimated General Fund Tax Receipts $9,441,100 $10,455,400 $11,250,700 $12,453,200 $12,971,100 $10,927,600 $14,019,100 $14,019,100 $14,334,000 $14,334,000
Statutory Multiplier 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6
Statutory Debt Limit for Debt Incurred 15,105,760 16,728,640 18,001,120 19,925,120 20,753,760 17,484,160 22,430,560 22,430,560 22,934,400 22,934,400
Less: Authorized Bonds, Notes, and
Other Obligations Subject to
Certain Limitations 12,486,174 12,938,435 13,481,602 14,266,573 14,876,927 15,110,495 15,493,181 15,180,510 18,970,659 18,456,323
Legal Debt Margin $2,619,586 $3,790,205 $4,519,518 $5,658,547 $5,876,833 $2,373,665 $6,937,379 $7,250,050 $3,963,741 $4,478,077
Legal Debt Margin as a percentage
of the debt limit 17.34% 22.66% 25.11% 28.40% 28.32% 13.58% 30.93% 32.32% 17.28% 19.53%
Date Calculation was made 1/1/05 12/16/05 2/1/07 2/1/08 2/1/09 2/1/10 10/1/11 2/1/12 7/1/13 12/15/13

Source: State of Connecticut General Obligation Bonds Offering Statement dated December 15, 2013