A year after Richardson ISD voters approved a $1.4 billion bond, the district reports that $386.2 million of the money it has budgeted so far is spent or committed to contracts.
The figure comes from the monthly bond expenditure reports in the packet for Thursday night's board meeting, which run through Sept. 28. The district has sold $500 million in bonds from the 2025 authorization, $200 million on June 11 and $300 million on Aug. 25, according to a note on the report.
The current budget for the program stands at $472.1 million, and 81.8% of it is spent or committed.
Where the 2025 money is going
Construction accounts for most of it: $354.5 million committed out of a $430.9 million construction budget. Smaller lines show:
- Instructional technology: $6.2 million of $11.4 million (54%)
- Facilities: $16.6 million of $18.1 million (92%)
- Furniture, office equipment and copiers: the full $3.25 million
- Visual arts: nearly all of $395,000
- Health services and special student services: none yet of $200,000 and $1 million
The older programs are close to finished. The 2021 bond, which voters approved at $750 million, shows $701.9 million of a $755.4 million budget spent or committed. The 2016 program, approved at $437 million, is at $444.1 million of a $451.9 million budget, or 98.3%. The reports are presented for information, with no vote required.
A contractor said Wednesday that work had started on one of the district's middle school rebuilds. Cadence McShane said it broke ground on a new three-story, 201,209-square-foot Parkhill Middle School at the current Parkhill Junior High site on Shadybank Drive, with completion expected in December 2028.
The tax roll
Also on Thursday's consent agenda is approval of the 2026 tax roll, which the district's finance office says completes a budget and tax-rate process that began with the budget's adoption in June. The tax office summary lists a total levy of about $372.4 million: $244.1 million for maintenance and operations and $128.3 million for debt service.
That levy rests on $49.5 billion in total value, less $13.4 billion in exemptions, for $36.1 billion in net taxable value. The median homestead has a market value of $520,000 and a taxable value of $290,109 after exemptions, according to the summary.