Debt Limit Semi-Annual Reports
Under Section 3-21 of the Connecticut General Statutes, no bonds,
notes or other indebtedness that would be payable from the General
Fund may be issued or outstanding if the total amount of
indebtedness exceeds 1.6 times the total estimated General Fund tax
receipts for the current fiscal year (the statutory debt limit).
This ratio of indebtedness to the statutory debt limit is referred
to as the Debt Certification. Should the ratio reach 90
percent, State Statutes require the Governor to review unissued bond
authorizations and recommend that the Genera Assembly repeal
authorizations in order to bring the ratio below 90 percent.
The Treasurer is required to prepare a Debt
Certification each January 1 and July 1 (and other statutorily
prescribed times) and report the results to the Governor and the
General Assembly.
Certificate of Aggregate Amount of
Indebtedness
January 2, 2014
July 2, 2014
January 2, 2015
July 1, 2015
January 4, 2016
July 1, 2016
January 3, 2017
September 22, 2017
January
12, 2018
July 1, 2018
January
2, 2019 |