The Frisco ISD board of trustees approved a nearly $416 million budget for the 2015-16 school year and a three- to five-year strategic plan during its June 22 meeting.

The board also voted to maintain a tax rate of $1.46 per $100 of valuation for the fourth-straight year.

The new budget is about $26 million more than the 2014-15 school year’s budget and increases the district’s spending by about 6.6 percent. The tax rate includes $1.04 for maintenance and operations and $0.42 for principal and interest payments on debts.

The increased budget will accommodate hiring approximately 200 new teachers.

It also includes a 2.5 percent midpoint salary increase for district employees.

FISD’s three- to five-year strategic plan includes six focus areas: teaching and learning, human resources, budget, facilities, whole child and communications. Each focus area includes several strategies and action steps to realize the plan.