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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