State of Connecticut

Computation of Legal Debt Margin

July 1, 1996
(Expressed in Thousands)

Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1996 $6,584,300
Factor 1.6
Statutory Debt Limit for Debt Incurred 10,534,880
Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. 8,749,765
Legal Debt Margin $1,785,115
SOURCE:
State of Connecticut General Obligation Bonds Offering Statement
Dated November 1, 1996.

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