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Item No. 10 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PUBLIC HEARING ON PROPOSED 2022-23 TAX RATE <br />DATE: September 12, 2022 <br />BACKGROUND: A public hearing on the proposed City tax rate is required by Chapter 26 of the <br />Texas Tax Code. On August 22nd the City Council approved a resolution calling for a public <br />hearing on the 2022-23 City tax rate on September 12th. 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. Also, the required quarter page notice of the public hearing on the tax increase was <br />published in the Paris News. <br />STATUS OF ISSUE: The City Council needs to hold the public hearing on the 2022-23 City tax <br />rate on September 12, 2022. Pursuant to State Law (S132) the tax rate cannot be adopted the same <br />night as the public hearing. A special meeting is scheduled for September 13th to adopt the tax rate. <br />BUDGET: N/A <br />RECOMMENDATION: Hold the public hearing on the proposed 2022-23 City tax rate. <br />