City of Paris Budget, FY 2007-08 - Proposed

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- _~*z P~~I~ ~r Section 2. That there shall be and is hereby levied for the year 2006 and ordered to be collected, a tax of $0.59225 on each and every ONE HUNDRED DOLLARS ($100.00) of the assessed valuation of all property of every description subject to taxation within the corporate limits of Paris, and that said tax so levied shall be distributed and apportioned as follows: CURRENT EXPENSES: For the payment of CURRENT EXPENSES of the City Government of the City of Paris, on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation a tax of $0.49751 (of which $0.00146 will be for the operation of the Paris Municipal Band) DEBT: For paying interest and creating a sinking fund for Tax and Revenue Certificates of Obligation, Series "2000,"on each and every one Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.03850 For paying interest and creating a sinking fund for Tax & Revenue Certificates of Obligation Series 2002 on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.03101 For paying interest and creating a sinking fund for General Obligation Refunding Bonds, Series "2003," on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of 0.02788 Total Debt Rate TOTAL TAX RATE $ .09474 $0.59225 Section 3. That the City Tax Assessor and Collector of the City of Paris is hereby directed to assess, extend, and enter upon the rolls of the City of Paris, Paris, Texas, for the current taxable year, the amount and rates herein levied and shall be collected as provided by the ordinances and the Charter of the City of Paris, Paris, Texas, and the laws of the State of Texas; and when so collected, same shall be distributed in accordance with ordinance.