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<br /> <br /> <br /> City of Paris, Texas Table 12 <br /> Legal Debt Margin Information <br /> September 30, 2009 <br /> Unaudited <br /> <br /> <br /> The maximum tax rate permitted by Article XI, Section 5 of the State of Texas constitution is $2.50 per $100 of <br /> assessed valuation. Consequently, no legal debt margin can be calculated. The state attorney general has traditionally <br /> allowed up to $1.50 per $ 00 valuation to be applied to debt service. The City levied a tax rate of $.52 per $100 <br /> valuation for the fiscal year ended September 30, 2009. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Source: <br /> City of Paris <br /> <br /> <br /> <br /> <br /> 94 <br />