The City of Richardson is holding its annual budget retreat to provide preliminary budget planning information to the city council. It's all tentative. It's all preliminary. It's all subject to change. Nevertheless, it's more likely than not to reflect the budget that's finally filed on August 10, 2018 and approved after a subsequent public hearing. My notes from the budget retreat are presented as captured in my
tweets from Monday night made during the meeting. (No review. No fact-checking. No filter. What I got wrong blame on my listening comprehension faults.)
- CoR open mic: No one here to speak. It's the budget retreat. You know, the one where surging property appraisals are discussed along with tax rates and spending. But no one cares...to speak.
- Dan Johnson forecasts a 7.5% to 8.5% increase in property values. Preliminary budget assumes only 6%. In other words we can expect an "impactful" budget for 2018-2019. Each 1% equates to about $1 million for operations.
- Dan Johnson proposes phasing out short-term debt issuance for equipment purchases. Maybe all that's why taxpayers weren't lined up to speak at the open mic.
