Frisco ISD approves $781 million budget for 2020-21 school year

Compared to the 2019-20 budget, the 2020-21 budget saw a 6.93% increase in funding for maintenance and operations, a 9.5% increase in debt service and a 7.45% increase in total expenditures. (Courtesy Fotolia)
Compared to the 2019-20 budget, the 2020-21 budget saw a 6.93% increase in funding for maintenance and operations, a 9.5% increase in debt service and a 7.45% increase in total expenditures. (Courtesy Fotolia)

Compared to the 2019-20 budget, the 2020-21 budget saw a 6.93% increase in funding for maintenance and operations, a 9.5% increase in debt service and a 7.45% increase in total expenditures. (Courtesy Fotolia)

Frisco ISD will have a budget of over $781 million for the 2020-21 school year as a result of board approval.

The board approved the budget for next school year at a June 22 special meeting. Around $605 million in the budget will go toward the operating fund, nearly $25 million toward the child nutrition fund and around $151 million toward the debt service fund, according to FISD Chief Financial Officer Kimberly Smith.

Compared to the 2019-20 budget, the 2020-21 budget saw a 6.93% increase in funding for maintenance and operations, a 9.5% increase in debt service and a 7.45% increase in total expenditures, according to district documents.

FISD’s combined tax rate for 2020-21 is expected to decrease slightly, per district documents.

Once taxable values are certified later this summer, the district anticipates a combined 2020 tax rate of $1.3158— a 2.25-cent drop from 2019.


The maintenance and operations portion of the tax rate, which pays for operational expenses, is dependent on statewide tax compression mandated by House Bill 3. The bill was passed by the Texas Legislature in 2019, and requires the state to compress school districts’ tax rates based on property value growth.

The board is expected to adopt the tax rate in September, according to a June 23 release from FISD.

Below is a breakdown of the operating fund by major function:
By Elizabeth Ucles
Elizabeth is the reporter for Community Impact Newspaper's Frisco edition. She graduated from St. Edward's University with a degree in Writing and Rhetoric with a journalism concentration and a minor in Spanish in May 2019. Elizabeth covers public and higher education, development and transportation.


MOST RECENT

Community Impact Newspaper staff
$21M in rental assistance available in Denton County through Eviction Diversion Program

This eviction diversion program aims to prevent homelessness during the pandemic by helping tenants to stay in their homes and compensating landlords for unpaid rent.

The expanded pre-kindergarten program was discussed at Frisco ISD's board of trustees meeting on April 12. (Valerie Wigglesworth/Community Impact Newspaper)
Frisco ISD full-day pre-K program to expand for 2021-22 school year

Frisco ISD is opening registration on April 19 for an expanded full-day pre-kindergarten program for the 2021-22 school year.

Collin County has launched its Emergency Rental Assistance Program to provide residential rent and utility assistance for county residents. (Courtesy Adobe Stock)
Collin County offers assistance to renters and landlords affected financially by COVID-19

Collin County has launched its Emergency Rental Assistance Program to provide residential rent and utility assistance for county residents.

The Gyro Shop held a grand opening for its second location in April. (Courtesy Adobe Stock)
The Gyro Shop opens second location in Frisco

The eatery offers gyros, sandwiches, platters and more.

Dunkin' serves coffee drinks, doughnuts, breakfast sandwiches, muffins and more. (Courtesy Dunkin')
Dunkin' to open in Richardson; Mad for Chicken coming to McKinney and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Studio 711 Hair Spa is a Black-owned salon suite that provides personalized hair consultations with a focus on hair repair and hair growth. (Courtesy Adobe Stock)
Charleston-based Studio 711 Hair Spa to open in Frisco

Studio 711 Hair Spa is a Black-owned salon suite that provides personalized hair consultations with a focus on hair repair and hair growth.

Jim's Pizza is relocating to Eldorado Parkway. (Community Impact staff)
Jim's Pizza relocates in McKinney; ice pop shop coming to Frisco and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

The National Videogame Museum's educational programs focus on STEM values. (Courtesy National Videogame Museum)
National Videogame Museum marks 5 years in Frisco

The museum features video game memorabilia collected over three decades.

See how COVID-19 impacted Williamson County in March. (Community Impact staff)
Visit Frisco leverages GPS data to boost tourism

The most recent set of data covers January 2019 to November 2020. The goal was to see how visitors might have changed from past studies due to the COVID-19 pandemic.

The red portion of the map identifies Collin County's corridor study area for new alignments for an expansion of FM 546. (Courtesy Collin County)
Collin County studies FM 546 in McKinney; 29 trees transplanted in Frisco and more top DFW-area news

Read the top business and community news from the past week from the Dallas-Fort Worth area.

Orange Cranberry is one of the flavors offered at The Pop Parlour. (Courtesy The Pop Parlour)
Florida-based Pop Parlour to bring ice pops to Frisco

The shop will have fruity and creamy popsicles along with specialty drinks, such as matcha lemonade.

Chick-fil-A's new location in the Spanish Village Shopping Center is now open for drive-thru and mobile curbside service. (Courtesy Chick-fil-A)
Chick-fil-A opens in Richardson; Lo-Lo's Chicken and Waffles moves to Grapevine and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.