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DEBT <br />DIRECT DEBT' <br />General Obligation Debt (see schedules following) <br />Total g.o. debt being paid from taxes $ 655,000 <br />Total g.o. debt being paid from special assessments and taxes (includes the Bonds)* 665,000 <br />Total General Obligation Debt* $1,320,000 <br />*Preliminary, subject to change. <br />Outstanding debt is as of the dated date of the Bonds. <br />12 <br />