FREDERICKSBURG ISD FINANCIAL SNAPSHOT
HAS REDUCED THE OVERALL TAX RATE BY $0.168 IN THE LAST FOUR
YEARS, DROPPING THE TOTAL TAX RATE OF $1.1462 IN 2018 TO ITS CURRENT $0.9782.
FISD's taxpayers have two different tax rates that contribute to FISD's overall budget.
The interest and sinking (I&S) tax rate is used to repay bond debt, while the Maintenance and Operations (M&O) tax rate is used to pay for all operating expenses, including salaries and benefits, utilities, transportation, maintaining school buildings, and student programs.
Maintenance and Operation (M&O): $0.8720
Interest and Sinking (l&S): $0.1062
(per $100 valuation)
In 2021, FISD sent $16 million back to the state due to recapture.
Since 2005, FISD has sent $120 million in recaptured funds back to the state.
Conversely, with I&S funds raised through bond elections, every dollar stays in Fredericksburg.