Ch08-Illustrative Ex Overlapping debt-2

Ch08-Illustrative Ex Overlapping debt-2 - OVERLAPPING DEBT...

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OVERLAPPING DEBT All of the property of a city was located within five governmental units. Each governmental unit was authorized to incur long-term debt As of year-end net long term debt and assessed valuations of the units were as Assessed Debt County 160 400 School District 80 400 Library District 10 600 Hospital District 20 500 City 200 300 Assessed Valuation
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  • Fall '16
  • Harshad number, 50%, 60%, Hospital District, Library District

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