2012-025 ORD FIXING TAX RATE AND TAX LEVY AND LEVYING AD VALOREM TAXES FOR COP FOR 2012

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Section 2. That there shall be and is hereby levied for the year 2012 and ordered to be collected, a tax of $.51107 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 (of which $0.00139 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 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 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 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 Total Debt Rate TOTAL TAX RATE $0.41487 $0.03037 $0.02642 $0.02536 $0.01405 $.09620 $0.51107 Section 3. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.