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<br />City of Paris, Texas <br />Legal Debt Margin Information <br />September 30, 2006 <br />Unaudited <br /> <br />Table 12 <br /> <br />The maximum tax rate permitted by Article XI, Section 5 of the State of Texas constitution is $2.50 per $100 of <br />assessed valuation. Consequently, no legal debt margin can be calculated. The state attorney general has traditionally <br />allowed up to $1.50 per $100 valuation to be applied to debt service. The City levied a tax rate of $.69225 per $100 <br />valuation for the fiscal year ended September 30, 2006. <br /> <br />Source: <br />City of Paris <br /> <br />88 <br />