State of Connecticut

Computation of Legal Debt Margin

December 1, 1997
(Expressed in Thousands)
Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1998 $ 6,815,800
Factor 1.6
Statutory Debt Limit for Debt Incurred 10,905,280
Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. 8,876,001
Legal Debt Margin $2,029,279
SOURCE: State of Connecticut General Obligation Bonds Offering Statement
Dated December 1, 1997

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