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Richardson ISD will still see a shortfall in the fiscal year 2026-27 budget, according to a presentation at the Jan. 15 school board meeting.
Allison Davenport, RISD’s executive director of finance, provided an update on the 2025-26 fiscal year to set a foundation for the FY 2026-27 budget process.
The specifics: Davenport said the district is currently expecting close to $8 million more in revenue than the FY 2025-26 budget planned for, due to an increase in state funding. However, she said the district is also seeing reductions in other revenue sources this year.
What it means: Superintendent Tabitha Branum said RISD will still have a deficit budget in FY 2026-27, and any future raise or cost increases will also increase the shortfall.
Quote of note: “We’re trying to be very aggressive and capturing savings whenever we can to bring down this year’s deficit,” Branum said. “We know that if we are going to increase compensation, that we’re going to have to find some additional efficiencies.”
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