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<br />~ :'0- 1 97 <br />7('~:,:' 'Re. J5.061!): <br /> <br />Notice of Public Hearing on Tax Increase <br /> <br />The City of Paris, Texas will hold a public hearing on a proposal to Increase total tax <br />revenues from properties on the tax roll In the preceding tax year by 5.72 percent (percentage by which proposed <br />tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual <br />taxes may Increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your <br />property in relation to the change in taxable value of all other property and the tax rate that is adopted. <br /> <br />The publiC hearing will be held on September 5 & 10, 200l- at <br /> <br />6:00 PM in City Council Chambers <br /> <br />The members of the governing body voted on the proposal to consider the tax increase as follows: <br /> <br />FOR: <br />AGAINST: <br />PRESENT and not voting: <br />ABSENT: <br /> <br />Comparison of Proposed Budget with Last Year's Budget <br /> <br />The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and <br />the amount budgeted for the fisc,al year that begins during the current tax year is indicated for each of the following <br />expenditure categories: <br />Maintenance and operations <br />Debt service <br />Total expenditures <br /> <br />% (decrease) <br />% (decrease) <br />% (decrease) <br /> <br />6.08 <br />0.12 <br />5.02 <br /> <br />% (increase) <br />% (increase) <br />% (increase) <br /> <br />or <br />or <br />or <br /> <br />Total Appraised Value and Total Taxable Value <br />as calculated under section 26.04, Tax Code <br /> <br />Total appraised value' ofall propel'ty <br />Total appraised value* of new property" <br />Total taxable value*" of all property <br />Total taxable value*** of new property" <br /> <br />Preceding Tax Year <br />$1,752,914,192 <br />$ 291,137,084.00 <br />$ 1,352,292,368. <br />$ 285,436,186.00 <br /> <br />Current Tax Year <br />$1,837,561,487. <br />$ 44,365,242.00 <br />$1,419,106,196. <br />$ 31,225,400.00 <br /> <br />Bonded Indebtedness <br /> <br />Total amount of outstanding and unpaid bonded indebtedness <br /> <br />$ <br /> <br />36,030,000.00 <br /> <br />Tax Rates <br /> <br />Percentage Incmase 01 decrease In the <br />proposed tax rate and the adopted tax <br />rate for the preceding tax year <br /> <br />$ .59225 per $100 In value <br />--- <br />$ .59225 pel' $100 in value <br />$ 0 pel- $100 In value <br /> 0 % Incl'ease <br />~~--- <br /> OR <br /> 0 % Decrease <br /> <br />Adopted tax rate for the preceding tax year <br />Proposed tax I'ate fm the cun~ent tax year <br />Difference In the proposed tax rate and the <br />adopted tax rate for the preceding tax year <br /> <br />These tax rate figures are not adjusted for changes in the taxable value of property. <br /> <br />'Appraised value' is the amount showll on the appraisal roll and defined by Section 1.04(8), Tax Code. <br />" "New property" IS defined by Sectroli 26012(17), Tax Code, <br />... "Taxable value" !s defined by Section 1.04(10), Tax Code <br />