BY ISABELLA ZEFF
What’s next
Also of note
The bond could also free up limited general city funds for other uses. The 2026 bond would fund localized street repair for the rst time, projects typically paid for by city funds to replace smaller concrete panels that are in poor condition. Other infrastructure funding on the ballot includes $16.5 million for multiple erosion control projects and improvements to the Lois Branch channel to reduce ood risk in the nearby High- land Terrace area.
In 2021, Richardson established a $400 million, ve-year capital improvement plan aimed at upgrading citywide infrastructure, including utilities, streets and alleys. Magner said the plan is the largest capital investment in city history. Richardson may face a budget shortfall in the next few years due to a statewide cap on property tax increases, so Magner said the city will rely on the larger bond program to continue with the planned projects.
While the ballot is required to state that the proposed bond “is a tax increase,” Magner said the program would not require a tax rate increase and is “net-neutral to residents.” “This is about continuing what’s been several years of strong investment in our core infrastructure,” Magner said. Magner said the bond will allow Richardson to continue a ve-year capital construction plan that exceeds $400 million, also a rst in city history. If a proposition does not pass, Magner said the city will consider alternative funding sources and projects could be deferred or canceled. More information on the propositions can be found at www.cor.net/our-city/ bond-projects/2026-bond.
Richardson bonds over time
Streets
Public buildings
Parks
Sidewalks
Neighborhood vitality Drainage
+20%
$55M
2006
Streets funding grew by 360% from 2006-2026. Drainage grew by 377% in the same time span.
+74.24%
$66M
2010
$115M
+65.22%
2015
$190M
+17.58%
2021
$223.4M
2026*
*PROPOSED
SOURCE: CITY OF RICHARDSON COMMUNITY IMPACT
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