Richardson’s proposed budget allocates additional funding to street maintenance while maintaining the same property tax rate.
Based on documents published by the city, the proposed budget has revenues of nearly $381.46 million and expenditures of a little more than $399 million, which creates around a $17.54 million deficit for the upcoming fiscal year. However, city officials expect that to be offset by the timing of federal grant funding, certain expenditures and previously set aside funds
The big picture
In preparing this year’s budget, City Manager Don Magner said there were three areas of focus: infrastructure, public safety, and recruitment and retention. To help fill vacancies and retain current talent, he has included a 6% compensation increase for all city employees, according to previous reporting by Community Impact.
