{"id":9761,"date":"2022-06-07T13:24:44","date_gmt":"2022-06-07T18:24:44","guid":{"rendered":"https:\/\/web.risd.org\/home\/?p=9761"},"modified":"2022-06-07T13:40:36","modified_gmt":"2022-06-07T18:40:36","slug":"trustees-adopt-2022-23-budget","status":"publish","type":"post","link":"https:\/\/web.risd.org\/home\/trustees-adopt-2022-23-budget\/","title":{"rendered":"Trustees Adopt 2022-23 Budget","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Increased teacher compensation, lower tax rate highlight fiscal year 22-23 process.<\/em><\/p>\n\n\n\n

Richardson ISD Trustees adopted RISD\u2019s 2022-23 budget at their June 6 regular meeting. The fiscal year 2022-23 general fund budget of $391.4 million represents a 2.4% increase over the adopted 2021-22 budget, and includes central department cuts of $1.2 million. Increasing property values in the district will drive an expected decline in RISD\u2019s operating tax rate to $0.9977 \u2013 a reduction of 4.1% from 2021-22.  The formal operating tax rate will be set by the state of Texas and adopted by trustees in August. The debt service tax rate (used by school districts to finance bonds approved by voters) remains unchanged at $0.35.<\/p>\n\n\n\n

\u201cRISD\u2019s single budget priority for 2022-23 is retaining and attracting quality teachers and staff in a fiscally sustainable way,\u201d said Interim Superintendent Tabitha Branum. \u201cSimply put, we value our employees in Richardson ISD. We want our total compensation package, incentives, training, support, and district culture to not only attract quality staff, but more importantly, reward them for staying home here in RISD.\u201d Due to a national shortage, the market for qualified teachers and other positions in North Texas is extraordinarily competitive, and RISD\u2019s budget reflects increased compensation and incentives for teachers and employees:<\/p>\n\n\n\n