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ORDINANCE NO. 2016 -027 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM <br />TAXES FOR THE CITY OF PARIS FOR THE CALENDAR YEAR 2016 UPON ALL <br />TAXABLE PROPERTY WITHIN THE CITY OF PARIS IN CONFORMITY WITH <br />THE CHARTER PROVISIONS AND ORDINANCES OF THE CITY; MAKING <br />OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; <br />REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT <br />HEREWITH; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the State <br />of Texas, has fixed the value of all property situated within Paris, Texas, subject to ad valorem <br />taxes for the year 2016, such total valuation being the sum of $1,627,397,467; and, <br />WHEREAS, in accordance with provisions of ordinances passed by the City Council of <br />the City of Paris, property owners over the age of sixty -five (65) and disabled Veterans have <br />filed exemptions; other adjustments for tax abatements have been approved; and other <br />exemptions are authorized under state law; thereby reducing the total valuation subject to ad <br />valorem taxes; and, <br />WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris, <br />Texas, the City Manager has heretofore submitted to the City Council a proposed budget of the <br />revenues of the City and the expenditures for the conduct of the affairs thereof, providing a <br />complete financial plan for the fiscal year beginning October 1, 2016 and ending September 30, <br />2017; and, <br />WHEREAS, the City Council has heretofore by ordinance adopted the budget <br />appropriating from ad valorem taxes the following sums, to -wit: <br />General Fund $6,750,000.00 <br />Debt Service Fund $1,170,682.00; and, <br />WHEREAS, public hearings were held on September 6, 2016 and September 12, 2016 <br />for the purpose of hearing the views of proponents and opponents to the City's proposed tax <br />rate for the fiscal year beginning October 1, 2016 and ending September 30, 2017; <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this ordinance are hereby in all <br />things approved. <br />