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08 - Public Hearing on Proposed Tax Rate for 2019-2020
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08 - Public Hearing on Proposed Tax Rate for 2019-2020
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Item No. 8 <br />TO: Mayor & City Council <br />FROM: Gene Anderson, Interim City Manager & Finance Director <br />SUBJECT: SECOND 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. The first public hearing was held September 3, 2019. <br />STATUS OF ISSUE: The City Council needs to hold a second public hearing on the 2019-20 <br />proposed City tax rate on September 9. <br />BUDGET: N/A <br />RECOMMENDATION: Hold the second hearing on the proposed 2019-20 City tax rate. <br />
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