Richardson | October 2024

BY CONNOR PITTMAN

RISD approves budget, sets 35-year low tax rate Richardson ISD’s adopted tax rate came in nearly 4 cents below initial staff projections when the fiscal year 2024-25 budget was adopted in June. In a nutshell Trustees approved a total tax rate of $1.1052 per $100 valuation at a Sept. 19 meeting. The district’s tax rate decreased because of difference in a district’s property tax revenue. What else?

Pre-K programs expand for 2024-25 Families in Richardson ISD have expanded access to pre-K programs for the 2024-25 school year after the district added class- rooms at five campuses. The overview Families can enroll in free full-day pre-K if they meet certain qualifications, such as needing free lunch. RISD employees and families that want to enroll can pay tuition.

Despite a fourth consecutive rate decrease, property taxes due on a home with the average appraised value in the district are expected to increase by around $385 a month, or 11.6%, to $3,703 annually compared to $3,318 in taxes last year due to an increases in the taxable value.

compression, officials said. Tax rate compression is the reduction of property tax rates based on value increases with the state funding any potential

Richardson ISD tax rate history, 2018-25

Interest and sinking

Maintenance and operations

$2.00 $1.50 $1.00 $0.50

108 pre-K classrooms, 27 pre-K 3 and 81 pre-K 4 Over 1,900 students served in RISD pre-K programs 34 campuses offering pre-K classes

$1.52

$1.41835 $1.4047 $1.3909 $1.3146

$1.1431

$1.1052

2018-19 2019-20 2020-21

2021-22 2022-23 2023-24 2024-25

SOURCE: RICHARDSON ISD/COMMUNITY IMPACT

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