The southside city has $47 million of debt recorded in its schedule of changes in long-term obligations, made up of $30 million of general obligation debt, $1 million of compensated absences payable, $4 million claims and judgments, and $12 million of obligations under capital leases. the state limits the amount of general obligation debt that can be issued by a city to 20% of the assessed value of its taxable property. the assessed value of property in southside city is $250 million. the legal debt margin for southside city is