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Frisco ISD Tax Rate Hike for 2016-2017

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Frisco ISD Board of Trustees voted unanimously Tuesday (May 31 2016) for a 13-cent tax rate increase. This is approximately $30.6 Million boost in the operating budget in the upcoming school year.

The proposed budget for 2016-2017 is:

  • HeritageHigh$1.2 M to increase starting teacher salary from $48,500 to $50,000 a year
  • $1.5 M to hire additional teachers to existing elementary schools
  • $5.6 M for new personnel at Miller and Vaughn elementary
  • $13 M for new staff at Nelson Middle School & Lebanon Trail High School plus new staff to add a grade at Reddy High School
  • $3M increase to employee medical contribution ($280 to $325)
  • $6.6M for a 2.2% pay raise to all employees
  • $3.5M in new personnel district wide to accommodate growth

This 13-cent property tax hike triggers a special election in August for voter approval.

Most of Frisco TX residents are just overcoming with the property tax assessment increase in their property taxes in May. With this new school tax increase, it may probably send some residents into orbits.

This tax-increase will increase approximately $520 per year, or $43 per month on an average home in Frisco assessed at $400,752.

Frisco ISD offers a monthly Coffee talk with the Superintendent, Dr. Jeremy Lyons. In this small setting, any residents are able to hear the heart of Frisco ISD and its direction, ask questions and voice concerns. A great place to get to know what a wonderful job Frisco ISD is trying to do for each and every child in the school system.

No homeowner wants to pay for more taxes than necessary. However, Frisco ISD is growing at a very fast pace. Frisco ISD is of exemplary standard, hence becomes very favorable when home buyers consider the North Dallas area to live. Frisco ISD cannot continue to be the best without the increase of funding to continue to operate a great school district and to become a competitive school employer to attract great education talents. It is certainly part of the growing pains living in a highly regarded community such as Frisco in the marketplace.

In addition, Frisco ISD is considered as a “wealthy” school district. Therefore, it has to participate in redistributing its funds to “poor” districts. While an increase in property tax collections would also result in decrease in state-funding for its operation.

Back in 2006, Additional State Aid for Tax Reduction (ASATR) is set up to help support the fast paced growth in Frisco schools. In 2011, the state begin cutting its funding incrementally until it is eliminated in 2017-2018 school year. In 2016-2017, Frisco ISD is set to lose $30Million in state funding.

In addition to the 13-cent property tax hike, Frisco ISD is also looking into other cost-cutting programs such as pay-to-play extracurricular activities, increased class sizes, or cutting transportation or food services, lower raises for staff across the district and reducing the support staff.

 


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