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P.O- BOX 9037 PAR(S, -rx 75461-9037 903-785-7511 • FAX 903-785-8519 • <br />PARISTEXAS.GOV General Fund Highlights for the Month of February <br />1. Overall Revenue was $19,579,525 or 55% of the annual Budget. <br />2. Property Tax Revenue is $8,287,511, 3% more than previous year. Majority of Property <br />Tax Revenue is received between December and February each year. <br />3. Sales Tax revenue is more than last year by $345,179 or 7%; however, January and <br />February collections were less than last year. Continue to be optimistically cautious as <br />sales tax can be volatile and a decrease was anticipated for the 2026 budget. <br />4. Hotel Occupancy tax revenue has decreased by $70,627 or 11% from 2025 fiscal year. <br />Fluctuation in the carrying balance is due to the allocation to the Chamber of <br />Commerce, a hotelier rebate, and a portion that covers the debt issued to pay for the <br />Civic Center. <br />5. EMS Fees are down $436,430 or 17% compared to last year. EMS collections are <br />down due to the fourth ambulance for transfers not in service due to staff shortages. <br />6. Interest revenue is down by $17,696 or 5% from last year. The Fed Fund rates <br />decreased <br />25 basis points at the end of October with an additional 25 basis points reduction in <br />December. One to two more rates cuts are anticipated in 2026 to bring the fed funds <br />rate closer to a "neutral rate" of 3.00% that neither stimulates nor restricts economic <br />growth. As a result, interest revenue is expected to be less in fiscal year 2026 than <br />2025. <br />7. The year-to-date expenditures in the General fund are $13,626,468 or 36% of budget <br />for the 2026 fiscal year. In comparison to last year, the overall 2026 fiscal year <br />expenditures have increased by $576,418. Majority of the increase is attributable to the <br />following: <br />➢ Fiscal year 2026 includes a 2% cost of living adjustment for all full-time positions. <br />> One-time technology infrastructure renewals recorded in November 2025. ➢ <br />Stipends for EMS, Fire, Public Works, and Dispatch personnel. <br />Cl. -nernl Fund <br />Description <br />City of Paris <br />Revenue & Expenditures Summary <br />February 28, 2026 (42% of the year) <br />2025-2026 Feb-FY26 <br />Budget YTD Actuals <br />Feb- <br />FY25 <br />Percentage YTD <br />Actuals <br />