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Item No. 16 <br />TO: Mayor & City Council <br />FROM: Gene Anderson, Interim City Manager & Finance Director <br />SUBJECT: PUBLIC HEARINGS ON PROPOSED 2019-20 TAX RATE <br />DATE: August 20, 2019 <br />BACKGROUND: Two public hearings on the proposed City tax rate are required by Section <br />140.010 of the Local Government Code. The proposed tax rate was discussed by the Council <br />during its July 22nd meeting. Public notice of the proposed tax rate was published August 2nd in <br />the Paris News. <br />STATUS OF ISSUE: The City Council needs to adopt a resolution calling for two public <br />hearings on the 2019-20 proposed City tax rate. The public hearing dates are scheduled to be <br />September 3, 2019 and September 9, 2019. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve the resolution calling for two public hearings on the <br />proposed 2019-20 City tax rate. <br />