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Preliminary 2026–27 budget shows multi‑million shortfall; district models several raise scenarios

Richardson Independent School District Board of Trustees · March 12, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Financial staff presented a general‑fund multi‑year forecast showing a $27M adopted deficit for 2025–26 and a possible larger shortfall if no reductions are adopted; staff previewed planned April recommendations to identify $20–$24M in reductions and presented multiple teacher‑pay options (flat percent and stratified/dollar‑amount models) with estimated costs.

Miss Davenport and Mister Pate provided an early look at fund balance and the multi‑year general‑fund forecast. They reminded trustees the district typically targets three months of unassigned fund balance and noted a local permanent school fund of about $27.2 million that the board could consider for one‑time stabilization if needed.

Financial staff said the 2025–26 adopted deficit is roughly $27…

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