2008-070-RES Calling two public hearings to receive public comment on the city's proposal to increase total tax revenues by $510,345 or 6.11% from the preceding tax year

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50-197 . ' (R8v.04-0&12) Notice of Public Hearing on Tax Increase The City of Paris will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 6.11 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. Sept. 15, 2008 5:00 P.M. at City Hall 107 E. Kaufman Street The first public hearing will be held on The second public hearing will be held on Sept. 19, 2008 5:00 P.M. at City Hall 107 E. Kaufman Street The members of the governing body voted on the proposal to consider the tax increase as foilows: FOR: Bill Strathern, Edwin Pickle, Will Biard, Kevin Kear, Stephen Brown, and Joe McCarthy AGAINST: None PRESENT and not voting: None ABSENT: Jesse James Freelen aver- The average taxable value of a residence homestead in Paris last year was $ 60 621 ( _ v i t i i r . Based on last year's tax rate of $ 56 (orecedinayear's adp~+ted tax ratel per $100 of taxable value, the amount of taxes imposed last year on the average home was $ 339.48 (tax on unit for the grgCed.in.g tax vear. dii° r idence homestead exemotions available onlyto_dis~~X pgrsons 65 vears of aae or old~). Paris this year is $ 68.252 (aygC= The average taxable value of a residence homestead in agetaxable luP of a residencP homeStead in the t~.k~ng unit for the ci!rrent tax vear disreaardina residen~P homestead exemptions availabl I led oer5ons ox n r on 6 ygars of aae or older). If the goverrnng body adopts t e effective tax rate for this year of $.51834 per $100 of taxable vaiue, me amvunt of taxes imposed this year on the average home would be $ 353.78 (tax on aver,~,gg taxa bl v I~ of a residence homestead in the taxina unit for t r i i i 65 years of aae or older). If the governing body adopts the proposed tax rate of $15 per $100 of taxable value, the amount of taxes o+aYahiP valuP ~f he averag n imposed this year on the average home would be $ 375 39 (tax on t a residenr~ homestead i th t'n ifrth r t i eciardina i disabled pPrsons or aersons 65 vearG of aae or olderl. Members of the public are encouraged to attend the hearings and express their views. Special Provisions if Applicable Criminal Justice Mandate (use for counties, if applicable): County has spent The County Auditor certifies that $ in the previous 12 months beginning for the maintenance and operations County cost of keeping inmates sentenced to the Texas Department of Criminal Justice. Sheriff has provided information on these costs, minus the state revenues received for reimbursement of such costs. Enhanced Indigent Health Care Expenditures (use if applicable): to on enhanced The spent S from indigent health care at the increased minimum eligibility standards, less the amount of state assistance. For the current taxyear, the amount of increase above last year's enhanced indigent health care expenditures is EXHIBIT.PL