Related to school improvement bonds

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Reference no: EM131866222

Aurora School District, located in Aurora, Colorado, has total debt outstanding of $55 million related to school improvement bonds. Taxable real property located in the District and the City's jurisdiction is $26 million. Total taxable real property in the District's jurisdiction is $40 million. What is the share of overlapping debt that the city of Aurora is required to report in its schedule of direct and overlapping debt?? Use GASB if possible.

Reference no: EM131866222

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