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Calculate debt burden The statistical section of the city of Tallahassee's CAFR for the fiscal year ended September 30, 2019 contains several schedules regarding the
Calculate debt burden The statistical section of the city of Tallahassee's CAFR for the fiscal year ended September 30, 2019 contains several schedules regarding the city's outstanding debt. Assume one schedule shows that the outstanding tax-supported debt at September 30, 2019 was $125,080 thousand. Other schedules show the following statistics: The statistical section of the city of Tallahassee's CAFR for the fiscal year ended September 30, 2019 contains several schedules regarding the city's outstanding debt. Assume one schedule shows that the outstanding tax-supported debt at September 30 , 2019 was $125,080 thousand. Other schedules show the following statistics: a) Calculate the city's debt service burden using the appropriate real property value as the denominator. Round the percentage to two decimals. % b) Based solely on the debt service burden, what rating would Moody's give the city of Tallahassee
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