During a special meeting on Monday, the Frisco ISD board of trustees adopted the 2017-18 combined tax rate of $1.46 per $100 valuation, which has not changed since 2012.

Although there was no change to the tax rate, district residents would be paying up to 8.3 percent more in taxes as a result of rising property values, FISD Chief Financial Officer Kimberly Pickens said.

Pickens said that rising property values benefit the interest and sinking fund; however the district does not retain funds from rising property values to support the day-to-day operations budget, which also accounts for 80 percent of staff salaries.

According to the district, a combined tax rate of $1.50 would be needed to maintain the same level of maintenance and operations revenue and debt services as last year. However, FISD cannot raise the tax rate without seeking approval from voters.

Last June the board unanimously called for a tax ratification election that if approved would have risen the tax rate from $1.46 to $1.59. This would have generated about $30 million over three years for FISD. However, district residents voted against the tax hike.

The board is set to adopt the 2017-18 budget on June 19 during its regular meeting.