During the 2018 November general election, the two Frisco ISD Bond proposals on the ballot passed by close to 60 percent. Around 80,000 Frisco ISD voters came out to cast their ballot.
The tax rate for 2018 will not affect the tax rate set earlier in the year. That rate will remain at 1.44 percent or .02 percent lower from last year. Although the proposal raised the operations portion of the tax by .13 percent the board adopted a resolution that reduces the portion of the tax rate used to pay off debt. This measure makes sure that the taxpayers are not affected.
Funds from the $691 million bond package will be used for the construction of four new schools in addition to renovations for existing facilities. Frisco ISD is monitoring enrollment growth patterns and projections before planning construction of new schools to ensure the funds will be used efficiently. Before any projects can begin the School Board must give their approval.
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