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Item No. 8 <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Mr. Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: PUBLIC HEARING ON PROPOSED 2023-24 TAX RATE <br />DATE: September 11, 2023 <br />BACKGROUND: A public hearing on the proposed City tax rate is required by Chapter 26 of the <br />Texas Tax Code. The proposed tax rate was discussed by the City Council during its August Stn <br />Council meeting and the August 28th Council meeting. <br />STATUS OF ISSUE: The City Council needs to hold a public hearing on the 2023-24 proposed <br />City tax rate on September 11, 2023. A legal notice of the public hearing was published in the <br />Paris News announcing the hearing. A copy of the proposed property tax rate can be found on the <br />City website. <br />BUDGET: N/A <br />RECOMMENDATION: Hold a public hearing on the proposed 2023-24 City tax rate. <br />