BOND + VATRE 2024

Frisco ISD Trustees placed a five-year bond proposal and an increase to the tax rate that funds the district’s maintenance and operations on the November 5, 2024, ballot.

Bond

Trustees heard from members of the Bond Exploration Committee, District officials and an outside financial adviser about the committee’s recommendations.

• The bond committee met 11 times over 10 months, touring Frisco ISD campuses and diving into demographics, facility maintenance and teaching and learning.

• The committee included 34 parents and community members, 18 staff and nine students. learned about the District’s long-term facility plan, heard about possible projects and ultimately developed a recommended bond program with projects that will impact every campus in FISD.

Bond exploration process

The committee faced a much different task than in years past. As FISD’s growth has slowed, the priority has shifted from building new schools to maintaining the district’s existing facilities. A key piece of the proposed bond is refreshing aging schools. The recommended bond includes a refresh for 20 Frisco ISD campuses that are 25 years old.

The committee recommended that Frisco ISD renovate campuses every 25 years to align with the life-cycle replacement of major mechanical, electrical and plumbing systems while also modernizing the spaces for students and staff.

• View the bond committee's slideshow of recommendations.

• Watch the presentation.

Why Bonds?

Bonds enable us to update campuses and make improvements to the District by borrowing funds without increasing taxes. This approach allows us to refresh and maintain facilities, replace and upgrade technology and strengthen safety and security while managing the cost over time. 

100% of bond funds stay in the district and is not subject to recapture by the state.

VATRE

A VATRE is an election required by the state that asks voters to consider approving a modified tax rate to increase revenue for student programs as well as teacher and staff salaries.

In 2018, Frisco ISD voters approved an increase in the tax rate, but the state has since compressed the tax rate by more than the increase. This proposal simply asks voters to add back a portion of what was previously approved.

Homeowners ages 65 and older and disabled homeowners who have filed for and received a homestead exemption through their local appraisal district will not be affected if voters approve the VATRE.

Tax Calculator

An increase in the maintenance and operations tax rate by 2.94 cents per $100 of property valuation will raise the tax bill on an average home in Frisco ISD by $158 per year. Residents can use the tool below to calculate their specific annual tax increase in the event of a successful VATRE.

Your Home's Taxable Assessed Value*