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Paris City Council adopts revenue-neutral FY2020 budget, holds tax rate at effective rate
Summary
The Paris City Council on Sept. 16 adopted a revenue-neutral budget for fiscal 2019–20 after staff cut $568,338 in proposed spending and kept the property tax rate at the effective rate; council members discussed using reserves for downtown work and a police phone upgrade.
The Paris City Council voted to adopt a revenue-neutral budget for the 2019–20 fiscal year after staff reduced proposed expenditures by $568,338, City staff said.
Gene Anderson, a city staff member who presented the plan, told the council: "I've gone back and done that by reducing proposed expenditures by $568,338," and explained that adopting the effective tax rate would fund the budget without a tax increase.
The council's chair, presiding over the special meeting, said the city has "well over $10,000,000 in reserve funds" and expressed a preference to keep taxes steady for the coming year. Council members discussed a…
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