Education
BY HANNAH JOHNSON
Frisco ISD projects balanced budget for fiscal year 2025-26
Frisco ISD officials are expecting the district to have a balanced budget for the 2025-26 school year. The FY 2025-26 budget was discussed by trustees June 9. FISD’s revenue and expenditures are expected to be balanced in the 2025-26 school year, said Kimberly Smith, FISD chief finance and strategy officer. The balanced budget comes after three years of budget deficits. At a glance The proposed budget, without including state funding for a staff raise, are: • $735.96 million for the general fund budget • $198.36 million in the debt service budget • $26.3 million for the child nutrition budget The proposed budget does not currently include teacher raises as the funding will come from new Texas legislation. Gov. Greg Abbott signed House Bill 2 into law
June 4, which will provide raises for educators and support staff; overhaul how the state funds special education; and set aside money for schools to spend on fixed costs, such as utilities and insurance. District officials are waiting for direction from the Texas Education Agency on how the bill will be implemented to determine salary raises, Smith said. A district’s compensation plan does not need to be approved at the same time as the district budget, she said. The proposed pay raises for classroom teachers are: $2,500 for less than five years of experience and $5,000 for five or more years of experience. Other employees would receive 3% of base wages. Employees on stepped scales would receive a 3% raise or their next step increase, whichever is greater, Smith said. The action taken Other budget cuts for the 2025-26 school year
Frisco ISD budget deficit history
2022-23
2023-24 2024-25 2025-26
$0
$4.7M
$5M
$7.7M
$10M
FISD officials are expecting the district to have a balanced budget for the 2025-26 school year
$14M
$15M
SOURCE: FRISCO ISD/ COMMUNITY IMPACT
are reducing extracurricular spending by $600,000 and reducing the payroll budget by $7.5 million through vacant positions. The compensation plan is tentatively scheduled to be adopted June 18. The district’s tax rate will be considered by the board Aug. 18.
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