The FISD board of trustees will consider the district’s tax rate at its Aug. 14 meeting. The proposed tax rate is $1.0275 per $100 valuation, which is $0.18 lower than this fiscal year's rate, according to the board's resolution. The FY 2022-23 tax rate is $1.2129 per $100 valuation.
Some context
The tax rate is broken down into two pieces.
- The first piece, maintenance and operations, or M&O, covers the district’s operational expenses such as payroll. The M&O rate is proposed to be $0.7575 per $100 valuation.
- The second piece is interest and sinking, or I&S, which pays for the district’s principal and interest on its debts, the board’s resolution stated. The proposed I&S rate is $0.27 per $100 valuation.
- Trustees will consider providing a $250 stipend for its employees to cover classroom and teaching supplies. If passed, it will be given to teachers, librarians, and speech therapists or speech language pathologists, per the resolution.
- The 2023-24 student code of conduct will be considered by trustees. The code’s purpose is to provide options for managing student behavior, preventing and intervening in student discipline problems, and guidelines for student discipline.
The board’s meeting will be held Monday, Aug. 14 in the Frisco ISD Administration Building at 5515 Ohio Drive, Frisco. The meeting begins in closed session at 5:30 p.m. before open session resumes at 6:30 p.m., according to the district’s website. The meeting’s full agenda can be found here.
