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Item No. 3 <br />TO: Mayor & City Council <br />FROM: Gene Anderson, Interim City Manager & Finance Director <br />SUBJECT: FIRST PUBLIC HEARING ON PROPOSED 2019-20 TAX RATE <br />DATE: August 28, 2019 <br />BACKGROUND: Two public hearings on the proposed City tax rate are required by Section <br />140.010 of the Local Government Code. Public notice of the proposed tax rate was published <br />August 2nd in the Paris News. <br />STATUS OF ISSUE: The City Council needs to hold the first of two public hearings on the <br />2019-20 proposed City tax rate on September 3rd. The second public hearing is scheduled to be <br />September 9, 2019. <br />BUDGET: N/A <br />RECOMMENDATION: Hold the first public hearing on the proposed 2019-20 City tax rate. <br />