BY MICHAEL CROUCHLEY & CONNOR PITTMAN
Richardson names pair of new officials Chris Shacklett as he is set to become Richardson’s next director of economic development while Nicholas Kohel will take over as the city’s director of the Department of Engineering and Capital Projects. What you need to know Shacklett will oversee the city’s Eco- nomic Development Department, which primarily focuses on attracting and retaining businesses in Richardson. The department was created in 2022 as the city shifted its economic development strategy, per the news release. Kohel will be responsible for administer- ing Engineering and Capital Projects current and future bond programs, acquiring right- of-way and easements, overseeing the city’s drainage utility program and more.
$406 million budget includes lower tax rate Richardson City Council adopted a budget of over $400 million for the 2024-25 fiscal year, which includes increased utility rates and a decreased property tax rate. City Manager Don Magner said the adopted tax rate is the lowest since 2005. In a nutshell The over $406 million budget for 2024-25
Adopted tax rate per $100 value, FY ‘21-25
Maintenance and operations rate Interest and sinking rate
$0.38124 $0.24392
2020-21 2021-22 2022-23 2023-24 2024-25
$0.23795
$0.37721
$0.34316 $0.34316
$0.21779 $0.21779 $0.21779
comes in over $7 million, or 1.8%, higher than the approved 2023-24 budget, which was around $399 million. Included in the 2024-25 budget is an appropriation of $180.3 million for the general fund, which is 1.2%, or around $2.2 million, higher than the approved 2023-24 budget. According to the budget presentation, the proposed tax rate for the 2024-25 fiscal year is $0.54218 per $100 of assessed value, which is $0.01877 lower than the current rate of $0.56095 per $100 of assessed value.
$0.32439
SOURCE: CITY OF RICHARDSON/COMMUNITY IMPACT
Digging deeper Within the budget, there are appropriations for an up to 3% merit-based pay increase for staff, with further step increases planned for some police and fire personnel.
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