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Richardson ISD board approves proposed 39¢ debt‑service rate tied to 2025 bond
Summary
Trustees voted 6–0 to approve a proposed debt service tax rate of 39¢ per $100 of taxable value — the rate described to voters at the 2025 bond election — following staff explanation of a new state requirement to approve such proposed rates before adoption.
The Richardson ISD Board of Trustees voted 6–0 to approve a proposed debt service tax rate of 39¢ per $100 of taxable value related to the district's 2025 bond program.
District finance staff described the action as required by Senate Bill 1453 of the 89th Legislature, a new transparency step that asks the board to approve any proposed tax rate that would generate revenue above currently scheduled debt payments. "You're being asked to approve this proposed INUS tax rate of 39¢," staff said, noting the rate matches what voters were told at the bond election and is intended to cover payments on newly issued bonds and refunding of callable bonds. Staff estimated the difference from the state's calculated debt service rate would generate about $1.7 million in additional tax revenue for the coming year.
Board President Chris Poteet called for the motion and, after a second and no further discussion, announced the motion passed 6–0. District officials said any excess at year end would be placed in the district's interest and sinking (I&S) fund balance for future debt payments.
