are focusing on two cities near your new job. After reading this chapter, you decide to look

at the debt held by each of the governments. Disclosures of the legal debt margin for each

city over the past few years are reproduced below.

Five$-$year trend information:

City of Hopes

Legal Debt Margin

June $30,2019$

Assessed Property Values

per Property Assessors Orfice

Legal Debt Maron

Det imitation $-10\%,$ of assessed valie.

Debt applicable to limitation

Legal Debt Maron

Five$-$year trend information:

Required

Compare the legal debt margin of the two cities. What are your observations regarding the debt

position of the two governments?