Legal Debt Margin Information Statistical Section Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2009

State of Connecticut

Legal Debt Margin Information
Last Seven Fiscal Years
(Expressed in Thousands)
  2003 2004 2005 2006 2007 2008 2009
Estimated General Fund Tax Receipts $8,147,500 $8,624,000 $9,441,100 $10,455,400 $11,250,700 $12,453,200 $12,971,100
Statutory Multiplier 1.6 1.6 1.6 1.6 1.6 1.6 1.6
Statutory Debt Limit for Debt Incurred 13,036,000 13,798,400 15,105,760 16,728,640 18,001,120 19,925,120 20,753,760
Less: Authorized Bonds, Notes, and              
Other Obligations Subject to              
Certain Limitations 11,724,239 12,233,029 12,486,174 12,938,435 13,481,602 14,266,573 14,876,927
Legal Debt Margin $1,311,761 $1,565,371 $2,619,586 $3,790,205 $4,519,518 $5,658,547 $5,876,833
               
Legal Debt Margin as a percentage              
of the debt limit 10.06% 11.34% 17.34% 22.66% 25.11% 28.40% 28.32%
               
Date Calculation was made 11/1/02 12/16/03 1/1/05 12/16/05 2/1/07 2/1/08 2/1/09

Source: State of Connecticut General Obligation Bonds Offering Statement