This case focuses on the analysis of a city's general obligation debt burden. After examining the accompanying table that shows a city's general obligation (tax-supported) debt for the last ten fiscal years, answer the following questions. 

Required 

a. What is your initial assessment of the trend of the city's general obligation debt burden? 

b. Complete the table by calculating the ratio of Net General Bonded Debt to Assessed Value of taxable property and the Net General Bonded Debt per Capita. In addition, you learn that the average ratio of Net General Bonded Debt to Assessed Value for comparable-size cities in 2017 was 4.56 percent, and the average net general bonded debt per capita was $1,376. Based on time series analysis of your calculations and the benchmark information provided in this paragraph, is your assessment of the city's general obligation still the same as it was in part a, or has it changed? Explain.? ??

Ratio of Net General Bonded Debt to Assessed Value and Net Bonded Debt per Capita (Last Ten Fiscal Years-S000s omitted) Net General Net General Gross Less: Amount Net Bonded Debt Bonded Fiscal Estimated Assessed Bonded in Debt Bonded to Assessed Debt per Year Population Valuation Debt Service Fund Debt Value Capita 2008 90,599 1,792,747 192,151 99,545 92,606 2009 92,061 1,939,316 206,856 100,690 106,166 2010 93,524 2,057,130 212,323 106,655 105,668 2011 94,986 2,197,710 221,287 102,518 118,769 2012 96,647 2,386,169 261,519 117,212 144,307 2013 97,610 2,585,416 291,736 120,326 171,410 2014 99,208 2,843,133 280,654 106,551 174,103 2015 100,477 3,080,629 278,042 105,945 172,097 2016 102,404 3,201,498 271,425 86,976 184,449 2017 103,428 3,325,203 309,788 95,158 214,630