| Computation of Legal Debt Margin | ||
| December 1, 1998 | ||
| (Expressed in Thousands) | ||
| Estimated General Fund Tax Receipts for the Fiscal Year Ending June 30, 1998 | $ 7,236,500 | |
| Factor | 1.6 | |
| Statutory Debt Limit for Debt Incurred | 11,578,400 | |
| Less: Authorized Bonds, Notes, and Other Obligations subject to certain limitations. | 9,187,969 | |
| Legal Debt Margin | $2,390,431 | |
| SOURCE: | State of Connecticut General Obligation Bonds Offering Statement | |
| Dated December 15, 1998. | ||
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