Budget Planning and News
News & Updates
Community Budget Steering Committee Holds November Meeting
The committee met for the fifth time since the summer, charged with arriving at recommendations for RISD Trustees to address a large projected deficit in the 2024-25 operating budget.
RISD Trustees Approve Annual Audit; FY 2022-23 Budget Variances Provide Additional One Time Funds
RISD again received an unmodified or “clean” opinion, meaning all “financial statements are correct in all material aspects.” Auditors found no material weakness, no significant deficiencies, nor any instances of noncompliance.
Call To Action From Superintendent Branum
Richardson ISD students and teachers need additional funding – please consider contacting RISD legislators today.
Community Budget Steering Committee Continues Work at October Meeting
Each member identified the subcommittee they wanted to participate in to study in-depth potential solutions to the district’s projected operating deficit.
RISD Earns Superior Financial Integrity Rating
The FIRST method ensures Texas public schools “are held accountable for the quality of their financial management practices, and that they improve those practices.”
Community Budget Steering Committee Holds September Meeting
Subcommittee work began in four areas: facility utilization, staffing and compensation, central administration, and revenue generation.
Community Budget Steering Committee Holds August Meeting
Committee members reviewed 2023-24 operating budget expenditures by state-defined categories.
Community Budget Committee Holds Initial Meeting
The committee gathered July 25 for its initial meeting, beginning a process expected to result in recommendations to the board in December.
Trustees Approve Budget Based on Reduced Tax Rate – Community Budget Steering Committee Forming
RISD’s approved budget is based on an anticipated state-set operating tax rate that is at the lowest level since 1993.
RISD To Form Community Budget Steering Committee
RISD will be forming a Community Budget Steering Committee to help prioritize how limited resources are used, consider reductions and options to increase revenue.
Trustees Approve 2023-24 Staff Raises, Compensation Package
RISD Trustees approved an aggressive compensation package for teachers and staff for 2023-24.
Budget Planning: District Recommends Teacher/Staff Compensation Plan to Trustees
RISD believes it is critically important to prioritize attracting and retaining effective teachers and employees, while rewarding those who choose to remain.
Trustees Hear Results of Employee Benefits Survey
At the April regular meeting, RISD trustees continued 2023-24 budget planning discussions.
Trustees Discuss Possibility of Open Enrollment
Trustees continue to evaluate options to generate additional revenue to help balance the operating budget.
Trustees See Initial Budget Reductions; Hear Options for Increasing Revenue
No decisions have been made regarding further reductions.