Question
Computation of a city's debt burden The following information is extracted from a city government's CAFR Computation of a city's debt burden The following information
Computation of a city's debt burden The following information is extracted from a city government's CAFR: Net direct debt Overl apping debt Population 10,594 Full value of taxable real property Calculate the city's debt b!rden based on population and on full value of taxable real property. Make separate computations for (a) net direct debt and (b) combined net direct and overlapping debt. Round amounts to nearest dollar. Round percentages to two decimals. Debt burden: Based on population Based on full value of taxable real property a) Net direct debt per capita % as of property value b) Combined direct and overlapping per capite % as of property value
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