The City of Richardson has released its proposed budget for Fiscal Year 2025-2026 following extensive City Council workshops and public input sessions. The combined budget totals $418,498,270, a 3.1% increase ($12,419,516) from FY 2024-2025 and maintains the current property tax rate of $0.54218 while strategically investing in critical services and capital improvements.
The complete proposed budget will be formally presented to City Council on Aug. 18, followed by public hearings. Final budget adoption is expected Sept. 15, with implementation starting Oct. 1.
Residents are encouraged to review the proposed budget, available on the city’s website, and participate in upcoming public hearings.
Website: www.cor.net/Budget
