State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1997 Computation of Legal Debt Margin

State of Connecticut

Computation of Legal Debt Margin

December 1, 1997
(Expressed in Thousands)
Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1998 $ 6,815,800
Factor 1.6
Statutory Debt Limit for Debt Incurred 10,905,280
Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. 8,876,001
Legal Debt Margin $2,029,279
SOURCE: State of Connecticut General Obligation Bonds Offering Statement
Dated December 1, 1997

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