April 2006 • Volume 3, Issue 4

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RISD To Hold Town Hall Meetings On Bond Election

Four town hall meetings have been scheduled to brief the community on the Richardson ISD bond election on May 13.  The meetings are designed to present more detailed information about the bond and answer any questions. The meetings will be held at 7 p.m. on the following dates: 

Tuesday, April 18 – Richardson High School Blackbox Theatre

Thursday, April 20 – Berkner High School Auditorium

Tuesday, April 25 – Pearce High School Auditorium

Thursday, April 27 – Lake Highlands High School Student Center

In February, the RISD Board unanimously voted to call the election for a $145.4 million bond referendum on Saturday, May 13, 2006.  This bond package is the start of Phase Two of the 20-year facilities maintenance plan begun in 2000.

With a bond of $145.4 million, the district would be able to reduce the debt tax rate for property owners by one to two cents based on current total property value assumptions. A two-cent tax reduction in the debt rate would lower property taxes by $31.25 per year for the average market value homestead in RISD ($190,364 is the average value) or $15 for a $100,000 homestead.

For more information, visit www.risd.org.



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