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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