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03 Resolution of the City Council calling two public hearings to receive public comment on the City's proposal to increase total tax revenuesDRAFT Attorney\reswork\current\Tax Rate Hearings Resolution 2008 RESOLUTION NO. 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 $661,287 OR 8.49% 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 28, 2008, the City Manager's proposed budget for Fiscal Year 2008-2009 which would require a tax rate of .56 per $100 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 15th day of September, 2008, at 6:00 p.m. and the second public hearing to be the 19th day of September, 2008, 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 15, 2008, at 6:00 p.m. and September 19, 2008, 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 $661,287 or 8.49% 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 5th day of September, 2009, 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 28th day of August, 2008. Jesse James Freelen, Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: W. Kent McIlyar, City Attorney 50-198 ~(Rev.04-08/6) The Notice of Tax Revenue Increase City of Paris conducted public hearings on 9-15-2008 and 9-19-2008 on a proposal to increase the total tax revenues of the City of Paris from properties on the tax roll in the preceding year by 8•49 percent. The total tax revenue raised last year at last year's tax rate Of •56 for each $100 of taxable value was $7,791,482 The total tax revenue proposed to be raised this year at the proposed tax rate of .56 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $8,397,125 . (insert amount computed by multiplying proposed tax rate by the difference between current total value and new property value.) The total tax revenue proposed to be raised this year at the proposed tax rate of .56 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $8,452,769 (insert amount computed by multiplying proposed tax rate by current total value.) The City Council of Paris is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 29, 2008 City Hall 107 E. Kaufman Paris, Texas dt 6:00 P.M. , (location of ineeting, including mailing address) (time of ineeting)