Answer Happy

Calculate debt burden The statistical section of the city of Tallahassee's CAFR for the fiscal year ended September 30, 2019 contains several schedules regarding the city's outstanding debt. Assume one schedule shows that the outstanding tax-supported debt at September 30, 2019 was $125,080 thousand. Other schedules show the following statistics: The statistical section of the city of Tallahassee's CAFR for the fiscal year ended September 30, 2019 contains several schedules regarding the city's outstanding debt. Assume one schedule shows that the outstanding tax-supported debt at September 30, 2019 was $125,080 thousand. Other schedules show the following statistics: Statistics Assessed value of all real property in the city $16,544,398 thousand Taxable assessed value of property (after exemptions) $9,556,112 thousand Estimated actual value of taxable property $19,470,152 thousand a) Calculate the city's debt service burden using the appropriate real property value as the denominator. Round the percentage to two decimals. 13 X 96 b) Based solely on the debt service burden, what rating would Moody's give the city of Tallahassee? Aaa