Education
BY HANNAH JOHNSON
Tax election may be option to fund Frisco ISD staff raises passes through the state’s formula, said Kimberly Smith, FISD’s chief finance and strategy officer. Funding for a district is based on average daily attendance, rather than enrollment, Smith said. The basic allotment for students is $6,160—which has not changed since 2019. Historical Frisco ISD tax rates Frisco ISD's tax rates are split between maintenance and operations, which funds payroll and other operational costs, and interest and sinking, which pays for the district's debts.
With a looming multimillion-dollar budget shortfall in the 2024-25 school year, Frisco ISD offi- cials are considering the use of a voter-approval tax rate election to help pay for staff raises. The board will not make a decision to call an election until August or September, said an FISD spokesperson. If the board calls for an election, then it would be placed on the Nov. 5 ballot. Teacher raises were a top priority discussed by Frisco ISD’s board at a budget workshop Jan. 25. The workshop was the first of many as the district builds its budget for the 2024-25 school year budget, Superintendent Mike Waldrip said. Pandemic relief funds from the federal govern- ment helped in previous fiscal years, but those funds will not be available for future years. In FY 2024-25, the district also cannot depend on additional funding from the state, he said. What you need to know About 95% of a district’s spendable revenue
Maintenance and operations Interest and sinking
The attendance rate in Frisco ISD has declined since the pandemic began, Smith said. Attendance is down 2%-3% across the state, and Frisco ISD is experiencing the same decline, she said. Before 2020, the school district had a 96.5% attendance rate, which now sits at 94%-95%, Smith said. By the numbers Raising the tax rate would generate roughly $11 million after recapture. Recapture allows the state to remove local property tax dollars from district and redistribute funds to assist with the other school districts, according the Texas Education Agency.
$1.5
$1.2
$0.9
$0.6
$0.3
$0
2019 2020 2021 2022 2023
SOURCE: FRISCO ISD/COMMUNITY IMPACT
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