Source: City of Richardson.
The Richardson City Council held a two day budget workshop to set the 2025-2026 budget.
On the first day, they reviewed the General Fund. on this, the second day, they focused on the five other largest funds: water/sewer, drainage, solid waste, golf, and hotel/motel.
The City summary of budget recommendations from Day 1:
- Property tax rate remains unchanged. Because of rising property values, this will result in new tax revenue.
- Senior Tax Exemption increase from $145,000 to $160,000
- 2.5% merit-based pay adjustments for all employees and an additional 2.0% in April 2026 for sworn public safety
- Increasing the minimum starting salary for full-time and permanent part-time positions to $21.00
- No change to the Streets and Alleys Rehabilitation, Facilities Maintenance, or Parks Maintenance Programs
- No change to the Economic Development Fund