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3. The debt limit for general obligation debt for City 'A' is 1 percent of the assessed property valuation for the city. Using the following

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3. The debt limit for general obligation debt for City 'A' is 1 percent of the assessed property valuation for the city. Using the following information, calculate the city's debt margin. (in OMR) Assessed property valuation 5,431,755,500 Approved but unissued tax-supported debt 5,000,000 Revenue bonds issued 16,000,000 General obligation serial bonds issued 21,500,000 Capital leases outstanding 2,615,000

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