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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />6/18/08 <br />Council Date: <br />City Council <br />Kevin Carruth <br />14. <br />6/23/08 <br />RECOMMENDED MOTION: <br />Not an action item. <br />POLICY ISSUE(S): <br />Fiscal management; Ordinance <br />BACKGROUND: <br />At the June 9 meeting City Council informed the public that the petition ordinance calling <br />for a senior and disabled tax freeze violated the Texas Constitution and an election for the <br />petition would not be called. Councilmember Pickle requested staff to place the item on <br />the June 23 agenda for consideration and passage of a constitutional ordinance. <br />Following the June 23 meeting Council Member Pickle refined his request and changed it <br />from an ordinance adopting the freeze to an ordinance calling for an election to allow <br />citizens to vote on a constitutional tax freeze ordinance. Since there was a change in the <br />agenda request at the meeting this item is for discussion only. Council has until August <br />26, 2008, to call for an election on the November uniform election date. According to the <br />Secretary of State's office, Council cannot call for an election for the May uniform <br />election date until after the Secretary's office has developed the detailed election <br />calendar, which will be a few months yet. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Level of taxes when frozen table; Tax revenue impact of proposed tax freeze table; <br />Census 2000 Demographic Profile Highlights; Council Member Strathern's 6/18/08 <br />Memo <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$ <br />Z Presentation ❑ Ordinance <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />The impact on the individual average homestead value would be $33.99 and $135.00 for <br />a$100,000 home. The total revenue impact is estimated to grow to from $29,577.41 the <br />first year to $343,794.09 by year 10. To offset the loss ad valorem taxes for remaining <br />citizens and business, the tax rate will have to increase around $0.0246 by year 109 <br />City of Paris - 000055 Revised 2/04/08 <br />