03 Resolution of the City Council calling two public hearings to receive public comment on the City's proposal to increase total tax revenues

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50-198 ~(Rev.04-08/6) The Notice of Tax Revenue Increase City of Paris conducted public hearings on 9-15-2008 and 9-19-2008 on a proposal to increase the total tax revenues of the City of Paris from properties on the tax roll in the preceding year by 8•49 percent. The total tax revenue raised last year at last year's tax rate Of •56 for each $100 of taxable value was $7,791,482 The total tax revenue proposed to be raised this year at the proposed tax rate of .56 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $8,397,125 . (insert amount computed by multiplying proposed tax rate by the difference between current total value and new property value.) The total tax revenue proposed to be raised this year at the proposed tax rate of .56 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $8,452,769 (insert amount computed by multiplying proposed tax rate by current total value.) The City Council of Paris is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 29, 2008 City Hall 107 E. Kaufman Paris, Texas dt 6:00 P.M. , (location of ineeting, including mailing address) (time of ineeting)