Tax Information & Fiscal Responsibility
ABOUT SCHOOL DISTRICT TAX RATES
Public school taxes involve two figures, which divide the school district budget into two “buckets.”
Maintenance & Operations
The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food and utilities. Approximately 83 percent of the district’s M&O budget goes to teacher and staff salaries.
Interest & Sinking
The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, and that is used to repay debt for capital improvements approved by voters through bond elections.
How can Bond Funds be used?
Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land, and the purchase of capital items such as equipment, technology, and transportation. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services
FRIENDSWOOD ISD TAX RATE HISTORy
Currently, Friendswood ISD’s M&O tax rate is $.7869 and the I&S tax rate is $0.2431 for a total tax rate of $1.030. The charts below shows the district’s tax rate over the past 43 years.
FISD is operating at the lowest tax rate in 40+ years and has reduced the overall tax rate by 35.7 cents in the last ten years.
FRIENDSWOOD ISD RECOGNIZED FOR FINANCIAL EXCELLENCE
Friendswood ISD has consistently earned a Superior rating from the Financial Integrity Rating System of Texas.
Friendswood ISD earned an "AA" long-term rating from S&P Global Ratings and is considered financially stable and capable of repaying its debts.
