ACFR City of Paris 9-30-2024 with Continuing Disclosure Tables-searchable

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up to $1.50 per $100 valuation to be applied to debt service. The City levied a tax rate of $0.47782 per $100 valuation for the 2023-24 fiscal year. This rate was broken down into $0.32176 per $100 valuation for operations and $0.15606 per $100 valuation for debt service. Using the traditional allowance of the state attorney general as a guide, the City of Paris is utilizing only 10.40% of its debt capacity. Additional information on the City of Paris' long-term debt can be found in note IV. K. of the Notes to the Financial Statements. Economic Factors and Next Year's Budgets and Rates • Sales tax revenues are projected to grow 5.50% in the coming year. • New construction amounted to 31 residential units and 9 commercial units. • Local population growth is expected to be minimal. • The debt tax rate is expected to decrease $0.00778 per $100 of value for debt services while the O&M rate is expected to decrease $0.00884 per $100 of value for operations. • Franchise fees are expected to remain stable. All of these factors were considered in preparing the City of Paris' budget for 2024-25. Requests for Information This financial report is designed to provide a general overview of the City of Paris' finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Office of the Finance Director, 135 S.E. First Street, City of Paris, Texas 75460. 14