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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.
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?
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