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CITY OF PARIS, TEXAS <br />PROPOSED BUDGET FY 2020-21 <br />This budget will raise less revenue from property taxes than last year's budget. The property tax <br />revenue to be raised from new property added to the tax roll this year is $59,213. <br />RECORD VOTE ON 2020-21 BUDGET ADOPTION <br />City Council Record <br />The members of the governing body voted on the adoption of the <br />budget as follows: <br />FOR: <br />AGAINST: <br />PRESENT and not voting: <br />ABSENT: <br />PROPERTY TAX RATE COMPARISON <br />DEBT <br />The total of bonds and other debt obligations outstanding is $54,564,598 of which $9,580,000 <br />will be paid for by property taxes. In the 2020-21 budget year, property taxes will pay $1,468,551 <br />in principal and interest. <br />FY 2020-21 <br />FY 2019-20 <br />Total Tax Rate <br />0.48078 <br />0.51608 <br />Effective Tax Rate <br />0.48398 <br />0.51608 <br />Effective M&O Tax Rate <br />0.38442 <br />0.40868 <br />Rollback Tax Rate <br />0.48078 <br />0.55639 <br />Debt Tax Rate <br />0.08291 <br />0.10740 <br />DEBT <br />The total of bonds and other debt obligations outstanding is $54,564,598 of which $9,580,000 <br />will be paid for by property taxes. In the 2020-21 budget year, property taxes will pay $1,468,551 <br />in principal and interest. <br />