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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
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.
Fiveyear trend information:
City of Hopes
Legal Debt Margin
June
Assessed Property Values
per Property Assessors Orfice
Legal Debt Maron
Det imitation of assessed valie.
Debt applicable to limitation
Legal Debt Maron
Fiveyear trend information:
Required
Compare the legal debt margin of the two cities. What are your observations regarding the debt
position of the two governments?
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