Computation of a citys debt burden

The following information is extracted from a city governments CAFR. Compute the citys debt burden 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.

Net direct debt	$ 15,841,000
Overlapping debt	$ 12,142,000
Population	13,243
Full value of taxable real property	$484,481,000

Instructions:

• Round debt per capita to the nearest whole number.
• Round debt as a percent to one decimal place (ex: 0.0345 = 3.5%).

Net direct and Net direct debt overlapping debt Computation of direct burden 0 x$ 0 x Debt per capita Debt as a percent of property value