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.

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ANS WER The share of overlapping debt that the city of Aurora is required to ... View the full answer