13 Senior and disabled tax freeze

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DRAFT Attorney\ordword\current\Exemption for elderly-Amend Section 30-16 - 2008 ORDINANCE NO. AN ORDINAIVCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, AMEIVDING SECTION 30-16, AND 30-31, CHAPTER 30, ARTICLE II OF THE CITY OF PARIS CODE OF ORDINANCES; PROVIDING FOR A DECREASE I1V THE AMOUNT OF RESIDENCE HOMESTEAD EXEMPTIOIV FOR PERSONS SIXTY-FIVE (65) YEARS OF AGE OR OLDER AND FOR DISABLED PERSOIVS QUALIFYING FOR A DISABILITY HOMESTEAD; REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; MAKING OTHER FINDINGS AND PROVISIOIVS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on September 25, 2006 the City Council of the City of Paris enacted Ordinance No. 2006-037 approving an increase in the amount of residence homestead exemption for persons sixty-five (65) years of age or older from $17,000.00 to $20,000.00; and, WHEREAS, on September 25, 2006 the City Council of the City of Paris enacted Ordinance No. 2006-038 approving a homestead exemption for disabled persons qualifying for disability homestead in the amount of $20,000.00; and, WHEREAS, the tax exemption increase for persons sixty-five (65) years of age or older was raised by the City Council as an alternative to implementing a tax freeze on ad valorem taxes for persons 65 years of age or older and for disabled persons; and, WHEREAS, on March 18, 2008, an initiative petition was filed by a group of registered voters proposing a new ordinance establishing a limit on taxes for residence homesteads of disabled persons and persons age 65 or older; and, WHEREAS, the City of Paris relies upon the collection of ad valorem taxes as a primary source of revenue for providing City services that citizens of Paris rely upon every day, and the City budget would be adversely affected over time if the $20,000 tax exemption and the tax freeze were both put in place; and, WHEREAS, the City Council hereby finds and determines that it is in the best interest of the City of Paris and its citizens if the $20,000 tax exemption for persons age 65 or older and disabled persons is reduced back to $ NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved. 51 (ct)