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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />9-24-2008 <br />Council Date: <br />Finance <br />Gene Anderson <br />4. <br />9-29-2008 <br />RECOMMENDED MOTION: <br />Motion to approve an ordinance fixing the tax rate, tax levy, and levying the ad valorem <br />taxes for the City of Paris. <br />Policy Issue(s): <br />Fiscal Management <br />This ordinance sets the City of Paris tax rate at 52 cents per $100 of property value. The <br />tax rate of 52 cents per $100 of value is broken down between operations/maintenance <br />costs (43.113 cents per $100 of value.) and debt(8.887 cents per $100 of value). It <br />establishes the tax levy based on the 52 cent rate, and directs that the levy be entered into <br />the City's records. <br />BOARD/COMMISSION RECOMMENDATION: <br />NONE <br />EXHIBITS: <br />Ordinance attached. <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation Z Ordinance <br />y'I'D Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT E Finance ❑ Fire <br />Munici al Court Le al Libra Police En . Public Works Utilities <br />City of Paris Revised 2/04/08 <br />. 000001 <br />