2007-103-RES-Calling Two Public Hearings to receive Public Comment on the City's Proposal to increase total Tax Revenues by $395,705 or 4.94% from the preceding Tax Year

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/;\. `.~,. ~Re, ~S-U6 tug Notice of Public Hearing on Tax increase The Cif of Paris, Texas will hold a public hearing on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 5.72 percetnetr(p 6rcTaxaC~ode) Your prdip d ~al tax rate exceeds lower of rollback tax rate or effective tax calculated under Chap , taxes may increase at a greater or lesser rate, or even decrease, depending on th x rate tghatns adoptedle value of your property in relation to the change in taxable value of all other property and the a 6'00 PM in Cify Council Chambers The public hearing will be held on September 5 &10, 200.E at 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 a plicable percentage increase or decrease (or difference) in the amount budgeindicated poe eadClh of thelfoliowing p the amount budgeted for the fiscal year that begins during the current tax year is expenditure categories: % (decrease) Maintenance and operations 6.08 % (increase) or 0. % (increase) or % (decrease) Debt service --° % decrease Total expenditures 5____ 02 ~o (increase) or ( Total Appraised Value andon 26 04XTaxeCode as calculated under sec Preceding Tax Year Current Tax Year 752 914,192 $1,837,561,487. _ Total appraised value* of all property $1291,137,084.00 $ 44,365,242.00_.. Total appraised value` of new property $1,352,292,368. $1,419,106,196. Total taxable value"k of all property $ 285,436 186,00 $ 31,225,400.00 Total taxable value`** of new property ` $ Bonded Indebtedness 36,030,000.00 Total amount of outstanding and unpaid bonded indebtedness $ Tax Rates $ _.59225 per $100 in value Adopted tax rate for the preceding tax year . $ ,59225 per $100 In value ---- Proposed tax rate for the current tax year Difference in the proposed tax rate and the $ - 0 per $100 in value adopted tax rate for the preceding tax year 0 % Increase Percentage Increase or decrease in the - - OR proposed tax rate and the adopted tax 0 % Decrease rate for the preceding tax year - These tax rate figures are not adjusted for changes in the taxable value of property. _~ ~.. ~~~+~„~~ 1 na~a~ Tax rode. ' 'Appraised value" is the amount shown ors the appra~~sai ~u~~ u~~~ ~~~~~~~~ ~r ~~~~~-~ " "New property" is defined by Section 2.012(17), Tax Code. '" "Taxable value" is defined by Section 1.04(1 U), Tar, Code. EXHIBIT ,~.