2017-18 Adopted Budget
The Frisco ISD Board of Trustees adopted a 2017-18 budget on June 19, 2017 that prioritizes the long-term sustainability of the District, while incorporating nearly 60 strategies to reduce costs and generate additional revenue.
The $473.5 million budget is the result of months of work by employees, parents and citizens who examined previous practices and spending. Input and feedback from the priorities-based budget process reinforced existing priorities such as a focus on teaching and learning, commitment to the classroom and desire to maintain competitive staff salaries.
The budget is based on a tax rate of $1.46 per $100 valuation, the same as the current rate. Even with the same tax rate, FISD residents will pay more in taxes in 2017-18 due to rising property values. But because FISD does not retain additional funds from rising property values to support the operating budget, local residents will just pay a larger portion of the funds necessary to satisfy the budget, while the state reduces its share proportionally. The tax rate will provide less revenue than what would be needed to maintain the same level of maintenance and operations (M&O) revenue and debt service as the 2016-17 school year.