State of Connecticut Comprehensive Annual Financial Report Fiscal Year Ended June 30, 1999 Computation of Legal Debt Margin

State of Connecticut

Computation of Legal Debt Margin
November 1, 1999
(Expressed in Thousands)

Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1999 $ 7,825,800
Factor 1.6
Statutory Debt Limit for Debt Incurred 12,521,280
Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. 10,417,941
Legal Debt Margin $2,103,339

SOURCE: State of Connecticut General Obligation Bonds Offering Statement Dated October 15, 1999

Back to Statistical Table of Contents
Back to Comptroller's Home Page