14 Calling Public Hearings on Tax Rate

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-J.? 50S" 1 9"7 1~~ IRe'. :)5-06 11): Notice of Public Hearing on Tax Increase The Citv of Paris, Texas will hold a public heanllg on a proposal to Increase total tax I'evenues from properties on the tax rollm the preceding tax yeal' by 5.72 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may Increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The public hearing will be held on September 5 &10, 200l- at 6:00 PM in Citv Council Chambers The members of the governing body voted on the proposal to consider the tax increase as follows: FOR: AGAINST: PRESENT and not voting: ABSENT: Comparison of Proposed Budget with Last Year's Budget The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories: Maintenance and operations Debt service Total expenditures 6.08 0.12 5.02 % (increase) % (increase) % (increase) or % (decrease) % (decrease) % (decrease) or or Total Appraised Value and Total Taxable Value as calculated under section 26.04, Tax Code Total appraised value* of all property Total appraised value* of new property" Total taxable value*" of all property Total taxable value*'* of new property" Preceding Tax Year $ 1,752,914,192 $ 291,137,084.00 $ 1,352,292,368. $ 285,436,186.00 Current Tax Year $1,837,561,487. $ 44,365,242,00 $ 1,419,106,196. $ 31,225,400.00 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness $ 36,030,000.00 Tax Rates Adopted tax rate for the preceding tax yeal' Proposed tax I'ate for the cun'ent tax year Difference In the proposed tax rate and the adopted tax rate for the preceding tax year $ S; .59225 pel' $100 in value .59225 pel' $100 in value s o per$100lnvalue Percentage Increase 01' decrease In the proposed tax rate and the adopted tax rate for the preceding tax year o % Incl'ease OR o % Decrease These tax rate figures are not adjusted for changes in the taxable value of property. "Appraised value' IS the amount shown Oil the appraisal roll and defined by Section 1.04(8), Tax Code. "New property" is defined by Section 26012(17j, Tax Code. "Taxable value" IS defllled by Section 1.04(10). Tax Code. EXHIBIT A