Debt Overview
The following information is provided to allow Frisco ISD tax payers an easy to understand source for the district's debt obligations.
Tax Rates
-
M&O Tax Rate: $0.7575 per $100 of taxable value
-
I&S Tax Rate: $0.27 per $100 of taxable value
-
Total Combined Tax Rate: $1.0275 per $100 of taxable value
-
Tax Rate Information
Current Credit Ratings
| Agency |
Program Rating |
School Issuers Credit |
| Standard and Poor's |
AAA |
AA+ |
| Moody's |
Aaa |
Aa1 |
Authorized General Obligation Bonds
(As of 6/30/23)
| Authorization |
Issued |
Unissued |
Total Authorization Amount |
| 1995 |
$48,000,000 |
$0 |
$48,000,000 |
| 1998 |
$118,000,000 |
$0 |
$118,000,000 |
| 2000 |
$298,000,000 |
$0 |
$298,000,000 |
| 2003 |
$478,000,000 |
$0 |
$478,000,000 |
| 2006 |
$798,000,000 |
$0 |
$798,000,000 |
| 2014 |
$749,000,000 |
$26,000,000 |
$775,000,000 |
| 2018 |
$659,000,000 |
$32,000,000 |
$691,000,000
|
Total tax-supported debt outstanding at June 30, 2023: $2,336,734,996
Frisco ISD has no upcoming bond elections.
All bonds authorized to date have been for the purpose of constructing, renovating, and equipping school facilities. See Bond History for details.
Local Annual Report as of June 30, 2023 (PDF)
Annual Debt Service
(As of 6/30/23)
| Calendar Year Ending |
Principal |
Interest |
Annual Debt Service |
| 2023 |
$43,361,448 |
$45,323,658.55 |
$88,685,107 |
| 2024 |
$75,992,844.10 |
$96,141,528.35 |
$172,134,372 |
| 2025 |
$77,932,677.75 |
$94,198,610.25 |
$172,131,288 |
| 2026 |
$84,509,730.30 |
$87,621,508.50 |
$172,131,239 |
| 2027 |
$88,271,872.70 |
$83,861,475.55 |
$172,133,348 |
| 2028 |
$90,275,218.55 |
$81,856,870.82 |
$172,132,089 |
| 2029 |
$90,377,325.85 |
$81,755,000.69 |
$172,132,327 |
| 2030 |
$105,105,115.10 |
$67,029,918.09 |
$172,135,033 |
| 2031 |
$101,057,801.00 |
$71,075,111.79 |
$172,132,913 |
| 2032 |
$105,468,770.00 |
$66,663,312.84 |
$172,132,083 |
| 2033 |
$95,259,731.20 |
$76,871,312.90 |
$172,131,044 |
| 2034 |
$98,642,692.00 |
$73,489,613.70 |
$172,132,306
|
| 2035 |
$125,965,000.00 |
$46,169,273.01 |
$172,134,273 |
| 2036 |
$123,305,000.00 |
$48,826,202.38 |
$172,131,202 |
| 2037 |
$133,035,000.00 |
$39,099,115.06 |
$172,134,115 |
| 2038 |
$108,420,000.00 |
$30,342,871.13 |
$138,762,871 |
| 2039 |
$112,070,000.00 |
$26,691,870.88 |
$138,761,871 |
| 2040 |
$116,135,000.00 |
$22,628,703.21 |
$138,763,703 |
| 2041 |
$120,115,000.00 |
$18,646,791.36 |
$138,761,791 |
| 2042 |
$82,890,000.00 |
$15,157,363.76 |
$98,047,364 |
| 2043 |
$67,115,000.00 |
$11,994,448.76 |
$79,109,449 |
| 2044 |
$56,875,000.00 |
$9,417,128.76 |
$66,292,129 |
| 2045 |
$43,575,000.00 |
$7,174,944.38 |
$50,749,944 |
| 2046 |
$35,930,000.00 |
$5,475,718.13 |
$41,405,718 |
| 2047 |
$26,800,000.00 |
$4,089,940.63 |
$30,889,941 |
| 2048 |
$26,125,000.00 |
$3,117,200.01 |
$29,242,200 |
| 2049 |
$24,365,000.00 |
$2,173,943.76 |
$26,538,944 |
| 2050 |
$17,895,000.00 |
$1,290,018.76 |
$19,185,019 |
| 2051 |
$15,565,000.00 |
$711,393.76 |
$16,276,394 |
| 2052 |
$9,075,000.00 |
$268,303.13 |
$9,343,303 |
| 2053 |
$2,305,000.00
|
$48,981.25
|
$2,353,981 |
| Total |
$2,303,815,227 |
$1,219,212,134 |
$3,523,027,361 |
Download Data
DEBT OBLIGATION
(Principal and Interest as of 6/30/23)
The chart above does not include leases payable or subscription-based information technology arrangements. The district does not have revenue-supported debtor lease revenue obligations.
Tax-Supported Debt Per Capita
Inflation Adjusted in 2023 Dollars
| Fiscal Year |
Outstanding Debt* |
Population* |
Tax-Supported Debt per Capita |
Inflation Adjusted Tax-Supported Debt per Capita |
| 2014 |
$1,679,166,027 |
194,463 |
$8,634.89 |
$11,053.74 |
| 2015 |
$1,911,006,819 |
204,520 |
$9,343.86 |
$11,946.53 |
| 2016 |
$2,066,361,628 |
218,374 |
$9,462.49 |
$11,978.74 |
| 2017 |
$2,147,871,338 |
229,282 |
$9,367.81 |
$11,668.28 |
| 2018 |
$2,137,073,341 |
256,078 |
$8,345.40 |
$10,104.63 |
| 2019 |
$2,236,379,579 |
266,872 |
$8,379.97 |
$9,981.94 |
| 2020 |
$2,252,532,141 |
281,146 |
$8,011.97 |
$9,482.36 |
| 2021 |
$2,479,321,275 |
276,743 |
$8,958.93 |
$10,060.69 |
| 2022 |
$2,586,376,409 |
291,654 |
$8,867.96 |
$9,131.27 |
| 2023 |
$2,584,515,877
|
302,288
|
$8,549.85
|
$8,549.85
|
* Outstanding Debt includes tax-supported debt, leases payable, and subscription-based information technology arrangements.
Source: 2023 Annual Comprehensive Financial Report
Note: The inflation adjustment above uses the Consumer Price Index (CPI) published by the Bureau of Labor Statistics (BLS).
Download Data
Tax-Supported Debt by Fiscal Year