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Computation of a city debt burden

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Question: (Computation of a city's debt burden) The following information is extracted from a city government's CAFR. Compute the city's debt burden based on population and on property value. 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

Reference no: EM131708640

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