by Friendswood ISD Communication Department
Friendswood ISD (FISD) is pleased to announce that the School Board of Trustees has adopted a tax rate decrease of 4 cents, marking the lowest tax rate in more than 40 years. This significant reduction reflects the Board’s ongoing commitment to financial responsibility and serving the needs of the Friendswood community.
The tax decrease stems from the Interest and Sinking Funds (I&S), which covers the district’s mortgage payments for bonds. The Board carefully determines this rate each year based on property values and the amount needed to meet the district’s bond payment obligations. While there has been a slight drop in state compression on the operations side, nearly all of the reduction comes from the I&S fund. It is important to note that this fund cannot be used to address deficits, pay for salary increases, or be allocated to the funding received from the voter-approval tax ratification election (VATRE).
