Three Things to Know About the Adopted 2022-23 Budget

Written by Meghan Cone

The Frisco ISD Board of Trustees finalized the general operating budget for the 2022-23 school year at a special meeting this week. Here are a few things to know about the budget: 

1. It Keeps Up with Growth

Enrollment in Frisco ISD is expected to grow to about 67,500 students by October, a jump of approximately 1,600 students in a year. The budget staffs two new campuses opening in August: Panther Creek High School and Minett Elementary School, as well as an additional grade level at Emerson High School. It also includes funding for new personnel to address the growing number of students who receive special education or dyslexia services. 

2. It Prioritizes Staff Pay 

The budget includes a 4% of salary raise for teachers, librarians, counselors, nurses and other campus-based, non-administrative professional instructional support staff who work directly with students. All other employees will receive a 3.25% raise.

Additionally, the compensation plan includes targeted pay increases and stipends for those in especially hard-to-fill positions, such as bus drivers, child nutrition cooks and cashiers and special education teachers and aides. The minimum hourly wage in the District will increase from $12 to $14.50 an hour. 

The starting salary for new teachers with no prior experience will increase to $58,250, with corresponding increases for new hires based on their years of experience. 

3. Anticipated Spending Exceeds Revenue 

The budget isn’t balanced – like other nearby districts, Frisco ISD expects to spend more money in the coming year than it receives through local property taxes and state aid.

Many people may not realize that the District does not receive more money for operations as a result of rising property values, and the state funding formula does not account for inflation. However, the District is feeling the impact of the rising costs of goods and services and the need to stay competitive in the local labor market. 

As a result, FISD adopted a deficit budget in order to provide larger-than-normal staff raises. District leaders are hopeful the state legislature, which convenes in January 2023, will recognize the increased costs of operating schools and provide more funding to districts.  

Dig Deeper Into the Budget 

Visit friscoisd.org/budget for more details about the 2022-23 budget and compensation plan. 

Prefer to listen to your info? Check out our District podcasts on Spotify, Apple Podcasts and Google Podcasts. FISD dedicated two episodes this spring to the budget. 

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