| Legal Debt Margin Information | ||||||||||
| Last Ten Fiscal Years | ||||||||||
| (Expressed in Thousands) | ||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Estimated General Fund Tax Receipts | $8,624,000 | $9,441,100 | $10,455,400 | $11,250,700 | $12,453,200 | $12,971,100 | $10,927,600 | $14,019,100 | $14,019,100 | $14,334,000 |
| Statutory Multiplier | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 |
| Statutory Debt Limit for Debt Incurred | 13,798,400 | 15,105,760 | 16,728,640 | 18,001,120 | 19,925,120 | 20,753,760 | 17,484,160 | 22,430,560 | 22,430,560 | 22,934,400 |
| Less: Authorized Bonds, Notes, and | ||||||||||
| Other Obligations Subject to | ||||||||||
| Certain Limitations | 12,233,029 | 12,486,174 | 12,938,435 | 13,481,602 | 14,266,573 | 14,876,927 | 15,110,495 | 15,493,181 | 15,180,510 | 18,970,659 |
| Legal Debt Margin | $1,565,371 | $2,619,586 | $3,790,205 | $4,519,518 | $5,658,547 | $5,876,833 | $2,373,665 | $6,937,379 | $7,250,050 | $3,963,741 |
| Legal Debt Margin as a percentage | ||||||||||
| of the debt limit | 11.34% | 17.34% | 22.66% | 25.11% | 28.40% | 28.32% | 13.58% | 30.93% | 32.32% | 17.28% |
| Date Calculation was made | 12/16/03 | 1/1/05 | 12/16/05 | 2/1/07 | 2/1/08 | 2/1/09 | 2/1/10 | 10/1/11 | 2/1/12 | 7/1/13 |
Source: State of Connecticut General Obligation Bonds Offering Statement dated July 1, 2013