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Paris City Council adopts 0.46120 tax rate, says increase reflected in 2024–25 budget
Summary
At a Sept. 10 special meeting, the Paris City Council ratified that a property tax increase is reflected in the 2024–25 budget and adopted an ordinance setting the tax rate at $0.46120 per $100 valuation. City staff said the rate generates $8.53 million for the general fund and $3.812626 million for debt service.
The Paris City Council on Sept. 10 voted to ratify that a property tax increase is reflected in the adopted 2024–25 budget and approved an ordinance setting the city's property tax rate at $0.46120 per $100 of taxable value, a change the council's presenter said amounts to a 5.71% increase.
The action matters because city staff told the council the rate will produce $8,530,000 for the general fund and $3,812,626 for the interest-and-sinking fund used for debt payments. Seth, a city staff member, presented the revenue figures and the statutory language council must use to adopt the ordinance.
Council discussion and votes
At agenda item 3 the council took a separate motion to "ratify or acknowledge"…
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