29 - Support for proposed 2022-23 tax rateItem No. 29
T
TO: Mayor, Mayor Pro -Tem & City Council
Mr. Grayson Path, City Manager
FROM: Gene Anderson, Finance Director
SUBJECT: SUPPORT FOR PROPOSED 2022-23 TAX RATE
DATE: August 22, 2022
BACKGROUND: The State Comptroller has developed seven different versions of the form
"NOTICE OF PUBLIC HEARING ON TAX INCREASE". Cities determine which form to use
based on how the "Proposed Tax Rate", "No -New -Revenue Tax Rate", and "Voter -Approval Tax
Rate" relate to each other. For the City of Paris' upcoming 2022-23 fiscal year, the "Proposed Tax
Rate" exceeds the "No -New -Revenue Tax Rate" but does not exceed the "Voter -Approval Tax
Rate". Therefore, the City must use State Comptroller Form 50-876 when publishing the "NOTICE
OF PUBLIC HEARING ON TAX INCREASE".
STATUS OF ISSUE: State Comptroller Form 50-876 includes a record vote by Council Members
indicating their support or opposition to the "Proposed Tax Rate". This vote is not to adopt the tax
rate. That vote will probably occur on September 12'h. This vote is only to determine the Council's
support or opposition to the "Proposed Tax Rate" at this time. The Council is not obligating
themselves to vote a certain way when the tax rate vote occurs in September.
BUDGET: N/A
RECOMMENDATION: Motion to show support for the proposed 2022-23 City tax rate.