Tax election proposes increasing FISD M&O rate while decreasing overall tax rate

0

Frisco ISD is proposing an increase in its maintenance and operations tax rate for fiscal year 2018-19, triggering an election.

The maintenance and operations, or M&O, tax rate is proposed to increase by $0.13 per $100 valuation to pay for operational projects in the district. Though the M&O tax rate is proposed to increase, the interest and sinking, or I&S, tax rate is proposed to decrease by $0.15, resulting in an overall tax rate decrease of $0.02 per $100 valuation compared with the 2017-18 tax rate.

In August, the FISD board of trustees adopted a tax of $1.57 per $100 valuation—$1.17 for the M&O rate and $0.40 for the I&S tax rate. If voters approve increasing the M&O tax rate, FISD would then lower the I&S tax rate to $0.27 for a total tax rate of $1.44.

 

Also on the ballot

Share this story
COMMENT

Leave A Reply

Lindsey Juarez
Lindsey has been involved in newspapers in some form since high school. She graduated magna cum laude from the University of Texas at Arlington in 2014 with a degree in Journalism. While attending UTA, she worked for The Shorthorn, the university's award-winning student newspaper. She was hired as Community Impact Newspaper's first Frisco reporter in 2014. Less than a year later, she took over as the editor of the Frisco edition. Since then, she has covered a variety of topics and issues important to the community, including the city's affordable housing shortage, the state's controversial A-F school accountability system and the city's "Bury the Lines" efforts.
Back to top