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CITY OF PARIS, TEXAS <br />PROPOSED BUDGET FY 2025-26 <br />This budget will raise more revenue from property taxes than <br />last year's budget by $1,227,365 (10.62%) and of that amount <br />$140566 is tax revenue to be raised from new property added <br />to the tax roll this year. <br />PROPERTY TAX RATE COMPARISON <br />FY 2025-26 <br />No New Revenue Tax Rate .42702 <br />Voter Approval Tax Rate .46387 <br />M&O Tax Rate <br />Debt Tax Rage <br />Total Tax Rate <br />.30773 <br />.47239 <br />i <br />FY2024-25 <br />.43628 <br />.45201 <br />.31292 <br />.14828 <br />.46120 <br />The total of bonds and other debt obligations outstanding is <br />$159,746,818 of which $41,995,000 will be paid for by property <br />taxes. In the 2025-26 budget year, property taxes will pay <br />$4,417,234 in principal and interest. <br />