2011-034 ORD FIXING TAX RATE AND TAX LEVY AD VALOREM TAXES FOR 2011

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Section Z. That there shall be and is hereby levied for the year 2011 and ordered to be collected, a tax of $0.52 on each and every ONE HUNDRED DOLLARS ($100.00) of the assessed valuation of all property of every description subject to taxation within the corporate limits of Paris, and that said tax so levied shall be distributed and apportioned as follows: CURRENT EXPENSES: For the payment of CURRENT EXPENSES of the City Government of the City of Paris, on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation a tax of $0.41000 (of which $0.00153 will be for the operation of the Paris Municipal Band) For paying interest and creating a sinking fund for Tax & Revenue Certificates of Obligation Series 2002 on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.03000 For paying interest and creating a sinking fund for General Obligation Refunding Bonds, Series "2003," on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.03000 For paying interest and creating a sinking fund for General Obligation Refunding Bonds, Series "2010," on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.03414 For paying interest and creating a sinking fund for Combination Tax & Revenue Certificates of Obligation Series "2010" on each and every One Hundred Dollars worth of property situated within the corporate limits of Paris and subject to taxation, a tax of $0.01586 Total Debt Rate $.11000 TOTAL TAX RATE $0.52 Section 3. THIS TAX RATE WILL RAISE LESS TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.