Frisco ISD must seek the approval of voters to authorize the issuance of bonds. Although voters approve the entire program, the bonds are only issued as school projects are needed rather than all at once. Most bonds are issued for 30 years, but the principal amount issued for short-term assets, such as technology, are paid off more quickly.
Taxpayers pay a combined tax rate to Frisco ISD that supports two different funds: Maintenance & Operations and Interest & Sinking. Learn more and find the tax rate history.
To meet the construction needs of the District, the citizens of FISD authorized the issuance of schoolhouse bonds through six referendums in a 20-year period (1998, 2000, 2003, 2006, 2014 and 2018) for a combined total of $3.158 billion ($118 million, $298 million, $478 million, $798 million, $775 million and $691 million). These referendums received approval ratings of 95, 96, 89, 72, 77 and 61 percent, indicating the strong support of the community for public education and for meeting the needs of students.