Voters Approve Frisco ISD Bond & TRE

Voting concluded Tuesday in the November general election, with two Frisco ISD propositions on the ballot.

Unofficial results show both measures passed. Proposition A, the Tax Ratification Election, received the support of 58 percent of voters, while Proposition B, the bond election, received 61 percent.

“Frisco ISD has worked closely with parents, community members, employees and students over the past two years to prioritize spending and develop a common vision for the future,” said Superintendent of Schools Dr. Mike Waldrip. “We don’t take the support and confidence of voters for granted. We will continue to listen to our stakeholders and work together as a community to implement these plans and provide even more opportunities for students.”

The election does not change the total tax rate for 2018, which remains at $1.44 per $100 valuation, two cents lower than the tax rate from 2012 to 2017. However, the TRE increases the portion of the tax rate that pays for day-to-day operations by 13 cents, from $1.04 to $1.17. A Board-adopted resolution also takes effect to offset that increase, reducing the portion of the tax rate that pays off debt from $0.40 to $0.27 to ensure taxpayers are not impacted by the higher operations rate. The total tax rate of $1.44 reduces the number used to calculate a property owner’s total tax bill and provides relief to residents as property values continue to rise.

The tax swap will generate millions of dollars in additional revenue to address operating recommendations made by the Facilities and Programs Evaluation Committee, including smaller class sizes, expanded academic programs and increased student intervention.

Frisco ISD will use the additional funding to address immediate needs this 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.

The $691 million bond package will provide funding for the construction of four new schools and renovations to existing facilities, as well as additional technology, security measures and more. FISD will continue to monitor enrollment growth patterns and demographic projections before building new schools in order to effectively utilize existing school capacity. Approval from the School Board is required before bonds are sold and projects can begin.

“We are especially excited about what the bond and TRE mean for student opportunity and future-ready learning,” Waldrip said. “Frisco ISD has long been a destination school district due to our high school model and reputation for academic excellence. This election gives FISD the resources to continue to build on that strong foundation and move the District forward.”

Nearly 80,000 Frisco ISD voters cast ballots in Collin and Denton counties, representing approximately 60 percent of registered voters. The results are not official until canvassed later this month.

Unofficial Results

Tax Ratification Election

For: 58.49%
Against: 41.51%

Bond Election

For: 61.00%
Against: 39.00%

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