Tax Ratification Election

In November 2018, Frisco ISD voters approved a tax swap that moved 13 pennies from the portion of the property tax rate that pays for debt to the portion that pays for operations. This will generate millions of dollars in additional operational funding without raising the total property tax rate. 

Operating Recommendations

Operational revenue from the tax swap will be used to address items recommended by the Facilities and Programs Evaluation Committee that fell outside the scope of a bond program. The total cost of all of the committee’s recommendations, including the M&O costs associated with the bond program, require more than 16 pennies of M&O tax effort. However, because the TRE only raised the M&O rate by 13 cents, not all of the recommendations can be immediately implemented. Frisco ISD will use the additional funding to address immediate needs in the 2018-19 school year, but many recommendations will be prioritized into future budgets due to the difficulty of implementing changes that impact personnel and programs in the middle of the school year. FISD will continue to utilize the Long-Range Planning Committee to evaluate programs and services for the 2019-20 school year and beyond.