Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2007 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 6 Taxes Receivable

State of Connecticut

Notes to the Financial Statements

June 30, 2007

Note 6 Taxes Receivable

Taxes receivable consisted of the following as of June 30, 2007 (amounts in thousands):

Governmental Activities
General Transportation
Fund Fund Total
Sales and Use $ 432,757 $ - $ 432,757
Income Taxes 585,747 - 585,747
Corporations 136,108 - 136,108
Gasoline and Special Fuel - 43,242 43,242
Various Other 252,456 - 252,456
Total Taxes Receivable 1,407,068 43,242 1,450,310
Allowance for Uncollectibles (81,933) (1,097) (83,030)
Taxes Receivable, Net $ 1,325,135 $ 42,145 $ 1,367,280