FY 2026-2027 Budget
Summary
The city manager presented the proposed budget, incorporating conservative sales tax forecasts and strategic fund balance allocations to manage ongoing inflationary pressures and maintain bond ratings.
At a glance
- Total mentions
- 19
- Last 30 days
- 3
Discussed at 5 meetings in the last 60 days; most recently Oct 5, 2026.
Impact analysis
Balances a $190 million general fund while addressing significant inflationary cost increases and maintaining fund reserves.
All Richardson residents benefit from maintained municipal service levels and long-term fiscal stability.
Fixed-income homeowners may experience higher total tax bills due to rising property valuations despite the flat tax rate.
Mentions & discussions (24)
City Council — City Council Work Session
A resident raised concerns about the timing of public hearings relative to budget approval, suggesting public input should happen earlier in the planning process.
City Council — City Council
The city adopted a $432.4 million budget that keeps the property tax rate flat at $0.54218 while prioritizing public safety, infrastructure maintenance, and employee compensation.
City Council — City Council
The city is proposing a tax rate of $0.54218 per $100 valuation for the upcoming fiscal year, funding public safety expansions, employee compensation adjustments, and infrastructure pay-go projects while residents voiced concerns over rising property valuations.
Meeting Audio — Cultural Arts Commission
The commission is evaluating grant applications to support local arts organizations. These grants help fund cultural programming that residents can enjoy throughout the year.
City Council — City Council
The city manager presented the proposed $432 million operating budget for the upcoming fiscal year, focusing on employee compensation, public safety staffing, and infrastructure maintenance, alongside a proposed debt tax rate to save on interest.
City Council — City Council Budget Workshop
The city is moving to a 'meter equivalency' billing system. While this increases rates, the city says it's necessary to maintain aging infrastructure.
City Council — City Council Budget Workshop
The city manager presented the proposed budget, incorporating conservative sales tax forecasts and strategic fund balance allocations to manage ongoing inflationary pressures and maintain bond ratings.
City Council — City Council Work Session
The city is facing massive price hikes for essential IT equipment, which could delay planned upgrades or reduce the number of devices replaced.
Meeting Audio — Tax Increment Financing Reinvestment Zone No. 1 Board of Directors
The TIF district is nearing its end in five years. The city is planning how to finish current projects and transition the tax revenue back to the general fund to pay for city services like fire stations.
Meeting Audio — Tax Increment Financing Reinvestment Zone Nos. 2 & 3 Board of Directors
The board is planning the budget for the next fiscal year. A key issue is the status of DART payments, which are being held until the agency provides proper documentation for eligible expenses.
City Council — City Council
The city is looking at how to charge for water and sewer to cover rising costs and infrastructure needs. The Council is leaning toward a plan that protects seniors from base rate hikes while adjusting other fees.
Meeting Audio — Animal Services Advisory Commission
The city is looking to raise adoption and impound fees for the first time in 17 years to help cover rising software and operational costs.
City Council — City Council
The city is facing rising costs for water and sewer services. Residents should expect rate increases to fund necessary infrastructure repairs and cover higher wholesale costs.
Meeting Audio — Public Library Board
The city is facing a very tight budget year. Council Member Barrios warned that tough decisions are coming and asked residents to stay involved.
Meeting Audio — Parks & Recreation Commission
The city is updating fees for facility rentals and pool passes to keep up with rising costs. This includes new options for non-residents to rent space and higher prices for season passes.
City Council — City Council
The fire department is currently short-staffed but recently saw a record number of job applications. They are planning for future budget cycles and equipment needs.
City Council — City Council
The city is working with other DART member cities to secure a larger share of sales tax revenue and reform the transit agency's board structure.
City Council — City Council Work Session
The city is preparing for the influx of visitors during the World Cup by coordinating security and creating marketing programs to help local businesses benefit from the event.
Meeting Audio — Parks & Recreation Commission
The commission is narrowing down their list of requested projects to ensure the most important safety and maintenance needs are met.
‘Richardson is at a crossroads’: City likely to see shortfall in coming years due to statewide property tax cap
‘Richardson is at a crossroads’: City likely to see shortfall in coming years due to statewide property tax cap Community Impact
Property Tax Statements to Be Mailed in October | Richardson Today
This month, the Dallas County and Collin County tax offices will mail property tax statements to Richardson residents, based on values set by the county appraisal districts as of Jan. 1, 2026. The City of Richa...
2026-27 Budget and Tax Rate Adopted | Richardson Today
On Monday, the Richardson City Council approved the 2026-27 fiscal year budget, wrapping up a process that began earlier in the summer and included briefings from city departments, a two-day budget workshop and...
Tax Rate Hearing Monday | Richardson Today
A public hearing on the tax rate will take place at the City Council meeting on Monday, Sept. 14, at 6 p.m. It is the first public hearing to be held related to the Fiscal Year 2026-27 budget; a budget hearing ...
Budget Hearing and Adoption Set for Monday | Richardson Today
A public hearing on the proposed 2026-27 budget will take place at the Sept. 21 City Council meeting. Following the hearing, the City Council is expected to vote on adoption of both the budget and the tax rate....
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