STATE OF CONNECTICUT Comprehensive Annual Financial Report - Computation of Legal Debt Margin

State of Connecticut

Computation of Legal Debt Margin

July 1, 1996
(Expressed in Thousands)

Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1996 $6,584,300
Factor 1.6
Statutory Debt Limit for Debt Incurred 10,534,880
Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. 8,749,765
Legal Debt Margin $1,785,115
SOURCE:
State of Connecticut General Obligation Bonds Offering Statement
Dated November 1, 1996.

Back to Comptroller's Home Page
Back to Statistical Section Table of Contents