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12-Move to approve an ordinance fixing the tax rate 2009-2010
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12-Move to approve an ordinance fixing the tax rate 2009-2010
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8/22/2012 4:38:05 PM
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9/11/2009 4:58:56 PM
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CITY CLERK
Doc Name
12
Doc Type
Agenda
CITY CLERK - Date
9/14/2009
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DRAFT <br />ORDINANCE NO. <br />attorney\budget\Tax Rate Adoption Ord 2009-10 <br />AN ORDINAIVCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />FIXIIVG THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM <br />TAXES FOR THE CITY OF PARIS FOR THE YEAR 2009 UPON ALL TAXABLE <br />PROPERTY WITHIN THE CITY OF PARIS IN CONFORMITY WITH THE <br />CHARTER PROVISIONS AND ORDINANCES OF THE CITY; MAKING OTHER <br />FINDINGS A1VD PROVISIOIVS RELATED TO THE SUBJECT; REPEALIIVG ALL <br />ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; AND <br />PROVIDIIVG AN EFFECTIVE DATE. <br />WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the State <br />of Texas, has fixed the value of all property situated within Paris, Texas, subject to ad valorem <br />taxes for the year 2009, such total valuation being the sum of $1,505,498,821; and, <br />WHEREAS, in accordance with provisions of ordinances passed by the City Council of <br />the City of Paris, property owners over the age of sixty-five (65) and disabled Veterans have <br />filed exemptions; other adjustments for tax abatements have been approved; and other <br />exemptions are authorized under state law; thereby reducing the total valuation subject to ad <br />valorem taxes; and, <br />WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Paris, <br />Texas, the Ciry Manager has heretofore submitted to the City Council a proposed budget of the <br />revenues of the City and the expenditures for the conduct of the affairs thereof, providing a <br />complete financial plan for the fiscal year beginning October 1, 2009 and ending September 30, <br />2010; and, <br />WHEREAS, the City Council has heretofore by ordinance adopted the budget <br />appropriating from ad valorem taxes the following sums, to-wit: <br />General Fund $6,278,134.00 <br />Debt Service Fund $1,344,140.00; and, <br />WHEREAS, the City Council has by previous separate vote approved a rate of 0.42439 <br />per $100.00 for maintenance and operations expenditures and a rate of 0.09561 per $100.00 <br />for debt service; <br />1VOW, THEREFORE, BE IT ORDAIIVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this ordinance are hereby in all <br />things approved. <br />7 J <br />
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