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Paris council approves $4.14 million tax notes to buy emergency services vehicles and equipment
Summary
The council authorized issuance and sale of City of Paris tax notes, series 2025, totaling $4,139,316 to purchase fire and police equipment and a tractor with a side shredder; estimated average annual debt service is about $690,000 over seven years.
The Paris City Council on June 9 approved an ordinance authorizing the issuance and sale of City of Paris, Texas tax notes series 2025 totaling $4,139,316 to fund emergency-services vehicles and related equipment and a tractor with a side shredder.
Staff told the council the additional request expands a prior authorization for fire apparatus to include police emergency vehicles and a tractor/side-shredder for public-works property maintenance. Staff presented the total note amount as $4,139,316 and estimated average annual debt service around $690,000 for a seven‑year note; the payment will be added to the interest-and-sinking portion of the tax bill.
Council approved the ordinance by voice vote; the clerk recorded the motion as carrying 7–0. No mover or second was recorded in the meeting transcript.
City staff said the financing approach uses tax notes for equipment purchases to manage M&O limits within the tax code; they also noted changing state legislation may affect the use of such instruments in the future. The council’s vote authorizes the city manager to complete required documents for the issuance and sale.
