2026-035 - Fixing the tax rate and the tax levy and levying ad valorem taxes for the City of Paris for the year 2026 upon all taxable property within the City of Paris in conformity with the Charter provisions and Ordinances of the City.

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ORDINANCE NO.2026-035 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, FIXING THE TAX RATE AND THE TAX LEVY AND LEVYING AD VALOREM TAXES FOR THE CITY OF PARIS FOR THE CALENDAR YEAR 2026 UPON ALL TAXABLE PROPERTY WITHIN THE CITY OF PARIS IN CONFORMITY WITH THE CHARTER PROVISIONS AND ORDINANCES OF THE CITY; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT, REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT HEREWITH; PROVIDING A SAVINGS CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Lamar County Appraisal District, as authorized by the laws of the State of Texas, has fixed the value of all property situated within the corporate limits of the City of Paris, Texas and subject to ad valorem taxes for the year 2026, such total valuation being the sum of $3,008,627,720; and, WHEREAS, in accordance with provisions of ordinances passed by the City Council of the City of Paris, property owners over the age of sixty-five (65) and disabled Veterans have filed exemptions; other adjustments for tax abatements have been approved; and other exemptions are authorized under state law, thereby reducing the total valuation subject to ad valorem taxes; and, WHEREAS, in accordance with the provisions of the Charter of the City of Paris, Texas, the City Manager has heretofore submitted to the City Council a proposed budget of the revenues of the City and the expenditures for the conduct of the affairs thereof, providing a complete financial plan for the fiscal year beginning October 1, 2026, and ending September 30, 2027; and, WHEREAS, the City Council has heretofore by ordinance adopted the budget appropriating from ad valorem taxes the following sums, to -wit: General Fund $11,017,634 Debt Service Fund $ 4,117,850; and, WHEREAS, after notice and publication as required by law, the City Council conducted a public hearing on the proposed tax rate for Fiscal Year 2026-27 on this same date prior to the consideration of this ordinance; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved and incorporated herein for all purposes. Section 2. That there shall be and is hereby levied for the year 2026 and ordered to be collected, a tax of $0.572390 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 the City of Paris, and that said tax so levied shall be distributed and apportioned as follows: