Education
BY DUSTIN BUTLER
RISD expects $28M shortfall in FY 2025-26 budget
RISD saw academic growth in 2024-25 End-of-year Measures of Academic Prog- ress, or MAP, results show academic growth in Richardson ISD students, according to a presentation given to the district’s board of trustees. Gina Ortiz, the district’s senior executive director of accountability and continuous improvement, said more than 50% of stu- dents met or exceeded growth goals during the 2024-25 school year. The breakdown Students showed growth in English and math across all grades, Ortiz said. In reading and math, RISD students scored higher than national averages at most grade levels, Ortiz said. The results also indicate that RISD students are protected to continue showing growth in 2025-26.
Richardson ISD is facing a $28 million budget shortfall for next school year. Two-minute impact The approved operating budget anticipates $439 million in expenditures against $401 million in revenue. District officials also expect about $10 million from other sources, such as grants, and anticipates ending fiscal year 2025-26 with a $28 million shortfall. For FY 2024-25, the district anticipated a $27 million shortfall but will end with a $10 million shortfall. Additionally, RISD will pay about $6 million in recapture, a program that redistributes property tax dollars from property-wealthy districts to those the state deems property poor. Budget explained Assistant Superintendent David Pate said the budget is based on current state laws and doesn’t reflect legislation passed during the 89th Texas
Richardson ISD projected general fund balance -$200M -$100M $0 $100M $200M FY 2024-25 $167.6M
$139M
FY 2025-26
$78.5M
FY 2026-27
-$3.4M
FY 2027-28
-$108.6M
FY 2028-29
SOURCES: RICHARDSON ISD/COMMUNITY IMPACT
legislative session, which ended June 2, such as House Bill 2, which restructures school finance. He also said the district anticipates an enroll- ment decline of 430 students, going from 36,971 students in the 2024-25 school year to 36,541 students in 2025-26.
Go Beyond at RBFCU BANKING • Really Free Checking • Mastercard ® Credit Cards • Certificates & Money
Market Accounts • Mortgage Loans • Auto Loans
Join today – rbfcu.org
Federally insured by NCUA Membership eligibility required. Loans subject to credit approval. Rates, terms and programs subject to change without notice. Restrictions may apply. Minimum initial deposit and minimum balance for Certificates is $1,000. Penalty for early withdrawal may reduce earnings. Minimum initial deposit and minimum balance for Money Market Accounts is $2,500. Mortgage loans available only on property in Texas. RBFCU NMLS# 583215. RN3568773
9
RICHARDSON EDITION
Powered by FlippingBook