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Bond 2021

On May 1, the Richardson ISD community will vote on the district’s $750 million bond package. RISD plans to keep its debt service tax rate at the current $0.35/per $100 of taxable value even if RISD voters approve Bond 2021.
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Bond Overview

Based on the recommendations of a community bond steering committee, RISD trustees on Feb. 8 voted to place two bond propositions before voters as part of the May 1 election. The total of both propositions is $750 million. RISD plans to keep its debt service tax rate at the current $0.35/per $100 of taxable value even if RISD voters approve Bond 2021.

One proposition for $694 million is for capital construction, infrastructure, repairs, safety and security, and equipment. The other proposition is for $56 million for student and staff technology. Some of the projects the proposed Bond 2021 package would fund include:
  • Renovate aging campuses
  • Repair and maintain schools
  • Expand schools experiencing enrollment growth
  • Begin the process of moving RISD to the 6-8 grade middle school model
  • Provide safety and security enhancements for schools
  • Update instructional materials and equipment for students
  • Provide new school buses and district maintenance and security vehicles
  • Provide updated computer devices for students and staff along with upgrades to the district’s technology infrastructure
RISD stakeholders are encouraged to explore this informational website to learn more about what’s included in the proposed bond package; why specific items and projects were included; how capital expenditures and the bond process works under Texas law; and RISD plans to keep its debt service tax rate at the current $0.35/per $100 of taxable value even if RISD voters approve Bond 2021.

Let's Talk

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Please access the Bond 2021 Dialogue on our Let’s Talk Platform to share feedback, comments, and questions about Bond 2021.