Frisco ISD voters will head to the polls Aug. 27 and will decide if the district can raise its tax rate by 13 cents.
In June, FISD board of trustees approved a $471.4 million budget for the 2016-17 school year based on the 13-cent tax rate increase after holding several public meetings about the budget. The approval of the higher tax rate triggered a tax ratification election.
If the TRE passes, the district’s total tax rate would increase from $1.46 per $100 valuation to $1.59. Residents would pay $443 more a year in property taxes on a home valued at $365,463, which is the district’s average home value.
The TRE in August affects the maintenance and operations, or M&O, tax rate that generates funds for the general operations of the district, such as payroll. The M&O rate of $1.04 would be increased by 13 cents.









