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Item No. 7 <br />TO: Mayor & City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PUBLIC HEARING ON PROPOSED 2020-21 TAX RATE <br />DATE: September 14, 2020 <br />BACKGROUND: A public hearing on the proposed City tax rate is required by Chapter 26 of <br />the Texas Tax Code. On August 24 the City Council approved a resolution calling for a public <br />hearing on the 2020-21 City tax rate on September 14. A legal notice advertising the public <br />hearing was published in the Paris News. A copy of the proposed tax rate was placed on the City <br />website. <br />STATUS OF ISSUE: The City Council needs to hold a public hearing on the 2020-21 proposed <br />City tax rate on September 14. Pursuant to State Law, the tax rate cannot be adopted the same <br />night as the public hearing, so a special meeting is scheduled for September 15 to adopt the tax <br />rate. <br />BUDGET: N/A <br />RECOMMENDATION: Hold the public hearing on the proposed 2020-21 City tax rate. <br />