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CITY OF PARIS, TEXAS <br />PROPOSED BUDGET FY 2023-24 <br />This budget will raise more revenue from property taxes than <br />last year's budget by $1,912,026 (20.31%) and of that amount <br />$101,001 is tax revenue to be raised from new property added <br />to the tax roll this year. <br />PROPERTY TAX RATE COMPARISON <br />FY 2022-23 <br />No New Revenue Tax Rate .40993 <br />Voter Approval Tax Rate .44959 <br />M&O Tax Rate <br />Debt Tax Rate <br />Total Tax Rate <br />.34377 <br />.09901 <br />ii j <br />DEBT <br />FY 2023-24 <br />.39717 <br />.47782 <br />.32176 <br />.15606 <br />.47782 <br />The total of bonds and other debt obligations outstanding is <br />$123,445,000 of which $37,091,035 will be paid for by property <br />taxes. In the 2023-24 budget year, property taxes will pay <br />$3,781,948 in principal and interest. <br />