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| Budget / Legislative Information |
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| 2011-12 RISD Budget Appropriations (PDF) | 2011-12 Budget presentation (PDF) |
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Explaining Texas' school finance system and how the state finds itself in a historic budget crisis today isn't easy, but Richardson ISD's Board of Trustees and Administration are committed to providing consistent and simple communications to help our stakeholders understand.
First, we want our community to know that the state's revenue shortfall is due to a structural budget deficit – not only the economy – and certainly NOT because of money mismanagement at the district level.
Richardson ISD is operating with a surplus budget for the 2010-11 school year. What is a surplus? Simply explained, the RISD Board of Trustees passed a balanced budget last June for the current school year, and with the increase of 1,200 additional students enrolling in RISD this year, we received more state funding, which resulted in a surplus – more revenue than we had expected.
The state's budget shortfall is projected between $15-$28 billion, which includes a $4-$10 billion reduction to public education. Forty percent of the state's operating budget is public education. What is this impact to RISD? We will not know until the Legislative session ends, but we anticipate a loss of state funding between $20-$54 million. |
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