Voters Approve Bond, "Tax Swap" For Frisco ISD

Alan Scaia
November 07, 2018 - 7:42 am

© Tyler Olson |

FRISCO (1080 KRLD) - Voters in Frisco ISD have approved a $691 million bond proposal and change to the property tax rate.

The bond passed with 60 percent of the vote; the "tax swap" passed with 58 percent.

Frisco ISD is the fastest growing school district in the state and expects to add up to 2,100 students per year for the next five years.

The "tax swap" increases the budget for maintenance and operations but reduces the amount budgeted for debt service. The overall tax rate in Frisco ISD will drop two cents.

A bond proposal in Frisco ISD failed two years ago. Frisco ISD formed a committee with community members after that election and worked with the same group to develop this proposal.

"Frisco ISD has worked closely with parents, community members, employees and students over the past two years to prioritize spending and develop a common vision for the future,” Superintendent Mike Waldrip said in a statement. “We don’t take the support and confidence of voters for granted. We will continue to listen to our stakeholders and work together as a community to implement these plans and provide even more opportunities for students."

The bond will pay for four new schools, renovations to existing schools and increases in security and technology.

Frisco ISD says it will look at building needs over the next year and plans to increase teacher pay.

"I think you're going to immediately look at making sure we remain competitive with teacher pay just to make sure we don't have any attrition to other districts," says Frisco School Board President John Classe.