2007-103-RES-Calling Two Public Hearings to receive Public Comment on the City's Proposal to increase total Tax Revenues by $395,705 or 4.94% from the preceding Tax YearRESOLUTION N0. 2007-103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, CALLING TWO PUBLIC HEARINGS TO RECEIVE PUBLIC
COMMENT ON THE CITY'S PROPOSAL TO INCREASE TOTAL TAX
REVENUES BY $395,705 OR 4.94% FROM THE PRECEDING TAX YEAR;
MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE
SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Manager of the City of Paris presented to the City Council at a special
meeting convened on the August 20, 2007, the City Manager's proposed budget for Fiscal Year
2007-2008 which would require a tax rate of .59225 to fund a balanced budget as required by Section
59 of the Charter of the City of Paris; and,
WHEREAS, in accordance with Section 26.06 of the Property Tax Code of the State of
Texas, two public hearings must be held at which the City Council must afford adequate opportunity
for proponents and opponents of the proposed tax increase to present their views; and,
WHEREAS, an appropriate date, time and place for said public hearings is found to be the
5th day of September, 2007, at 6:00 p.m. and the second public hearing to be the 10~' day of
September, 2007, at 6:00 p.m., in the City Council Chamber,107 E. Kaufman Street, Paris, Texas;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby in all things
approved.
Section 2. That a public hearing be, and the same is hereby, called for September 5, 2007,
at 6:00 p.m. and September 10, 2007, at 6:00 p.m., in the City Council Chamber,107 E. Kaufman
Street, Paris, Texas, for the purpose of hearing the views of proponents and opponents to the City's
proposal to increase total tax revenues by $395,705 or 4.94% from the preceding tax year.
Section 3. That the City Clerk of the City of Paris shall publish notice of said public hearings
substantially in accordance with the notice of Public Hearing on Tax Increase attached hereto and
incorporated herein as Exhibit "A", in the Paris News on or before the 29th day of August, 2007,
setting forth the date, time and place of said public hearings. Vernon's Texas Codes Annotated, Tax
Code, Section 26.06.
Section 4. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED this 27th day of August, 2007.
sse Jame reelen, Mayor
ATTEST:
ice Ellis, City Clerk
APPROVED AS TO FORM:
W. Kent Mc lyar, i Attorney
/;\. `.~,. ~Re, ~S-U6 tug
Notice of Public Hearing on Tax increase
The Cif of Paris, Texas will hold a public hearing on a proposal to increase total tax
revenues from properties on the tax roll in the preceding tax year by 5.72 percetnetr(p 6rcTaxaC~ode) Your prdip d ~al
tax rate exceeds lower of rollback tax rate or effective tax calculated under Chap ,
taxes may increase at a greater or lesser rate, or even decrease, depending on th x rate tghatns adoptedle value of your
property in relation to the change in taxable value of all other property and the a
6'00 PM in Cify Council Chambers
The public hearing will be held on September 5 &10, 200.E at
The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR;
AGAINST:
PRESENT and not voting:
ABSENT:
Comparison of Proposed Budget with Last Year's Budget
The a plicable percentage increase or decrease (or difference) in the amount budgeindicated poe eadClh of thelfoliowing
p
the amount budgeted for the fiscal year that begins during the current tax year is
expenditure categories: % (decrease)
Maintenance and operations 6.08 % (increase) or
0. % (increase) or % (decrease)
Debt service --° % decrease
Total expenditures 5____ 02 ~o (increase) or (
Total Appraised Value andon 26 04XTaxeCode
as calculated under sec
Preceding Tax Year Current Tax Year
752 914,192 $1,837,561,487. _
Total appraised value* of all property $1291,137,084.00 $ 44,365,242.00_..
Total appraised value` of new property $1,352,292,368. $1,419,106,196.
Total taxable value"k of all property $ 285,436 186,00 $ 31,225,400.00
Total taxable value`** of new property ` $
Bonded Indebtedness
36,030,000.00
Total amount of outstanding and unpaid bonded indebtedness $
Tax Rates
$ _.59225 per $100 in value
Adopted tax rate for the preceding tax year . $ ,59225 per $100 In value
----
Proposed tax rate for the current tax year
Difference in the proposed tax rate and the $ - 0 per $100 in value
adopted tax rate for the preceding tax year
0 % Increase
Percentage Increase or decrease in the - - OR
proposed tax rate and the adopted tax 0 % Decrease
rate for the preceding tax year -
These tax rate figures are not adjusted for changes in the taxable value of property.
_~ ~.. ~~~+~„~~ 1 na~a~ Tax rode.
' 'Appraised value" is the amount shown ors the appra~~sai ~u~~ u~~~ ~~~~~~~~ ~r ~~~~~-~
" "New property" is defined by Section 2.012(17), Tax Code.
'" "Taxable value" is defined by Section 1.04(1 U), Tar, Code.
EXHIBIT ,~.
Form 50-.9r iReu. OS-OfiI10j I,Backi
Comparison of Residence Homestead Values
Average appraised and taxabie values on residence homesteads are compared from the preceding tax year and the
current tax year.
Average residence homestead appraised value
Homestead exemptlon amount for the taxing unit
(excluding special exemptions for persons 65 years
of age or older or disabled)
Average taxable value of a residence homestead
(excluding special exemptlons for persons 65 years
of age or older or disabled)
Preceding Tax Year Current Tax Year
~ 58,927.00 $_ 60,621.00
$ 80.00 $ 84.00
$ 58,847.00 $ 60,537.00
Comparison of Residence Homestead Taxes
Thetaxesthatwould havebeen Imposed intheprecedingtaxyearonaresidencehomesteadattheaverageappra2 edvalue
348.5
(excluding special exemptions for persons 65 years of age or olderordisabled)are estimated to be $
raised
The taxes that would be imposed in the current tax year on a residence homestead appraised at the average app
I e in the current tax year (excluding special exemptlons for persons 65 years of age or older or disabled), if the pro-
va u
posed tax rate is adopted, are estimated to be $ 358.53 .The difference between the amount of taxes
on the average residence homestead in the current tax year, if the proposed tax rate is adopted, and the preceding tax
year would be an increase of $ 1____001___.