The following information is extracted from a city government s CAFR
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

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