The Frisco ISD Board of Trustees got its first look Wednesday at the proposed budget for the 2019-20 school year.
The draft operating budget includes a 3% pay raise for all eligible staff and approximately 200 new teaching positions to reduce class size at all levels and meet the needs of growth. The beginning teacher salary would increase from $53,000 to $54,500 per year.
The $545 million budget proposal also makes significant investments in special education and adds support staff to address specific needs.
Smaller class sizes, additional support for special education and competitive staff salaries and benefits were among the top priorities of the Long-Range Planning Budget Subcommittee, a group of FISD parents, community members and staff who provided feedback to FISD leaders regarding budget issues this school year.
The proposed budget is based on a projected increase of nearly 1,800 new students for a total enrollment of approximately 62,000 students. The District also expects total taxable values, from both new property and existing property, to increase by about 8%.
The proposal is based on current school finance law and is subject to change based on the work of the 86th Legislature. Both the Texas House and Senate have proposed increases in spending for public education, and Frisco ISD would receive millions of additional dollars in 2019-20 if House Bill 3 becomes law in its current form. The District has identified several budget opportunities that would be considered, based on priority, if additional funding becomes available.
Adoption of the 2019-20 budget is set for June. The spending plan is likely to undergo changes between now and adoption based on Board, community and staff input.
See the budget presentation.