Computation of Legal Debt Margin Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2002

State of Connecticut

Computation of Legal Debt Margin
November 1, 2002
(Expressed in Thousands)
Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 2002 $8,147,500
Factor 1.6
Statutory Debt Limit for Debt Incurred 13,036,000
Less: Authorized Bonds, Notes, and Other Obligations subject to  
certain limitations. 11,724,239
Legal Debt Margin $1,311,761

SOURCE: State of Connecticut General Obligation Bonds Offering Statement
Dated December 1, 2002