Fiscal Responsibility

• Frisco ISD has a AAA bond rating.

• Frisco ISD has a AA+ Underlying credit rating affirmed by Standard & Poor’s.

• Frisco ISD has a Aa1 Underlying credit rating affirmed by Moody’s Investors Service.

• Frisco ISD has one of the lowest total tax rates in the area.

• Delaying projects by just one year could increase the cost to taxpayers by as much as $100 million. 

• Frisco ISD can fund all of the bond projects and the VATRE with less than a 3 cent tax increase. 

   

• Placing renovation and maintenance projects in a bond proposal is more cost effective for taxpayers as it does not strain the maintenance and operations side of the budget that pays teacher salaries and funds educational programs.

• As a result of this proposal, citizens 65 and over will not see an increase in their taxes above the frozen level unless significant improvements are made to their homestead.

Efficiency Audit Report

An efficiency audit is required by the Texas Education Code prior to a school district conducting a voter-approval tax rate election. The audit, prescribed by the Legislative Budget Board, analyzes the district’s financial and operational performance in comparison to similar districts.