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 |