Frisco ISD completed its third debt refinancing of the school year, bringing total taxpayer savings from refinancing efforts since August to more than $152.2 million. 

The most recent transaction, completed this spring, involved $62.26 million of outstanding debt and generated an additional $24 million in future interest savings. The District lowered the average interest rate from 5% to approximately 3.15% while cutting the repayment period in half — from 20 years to 10 years.

This refinancing effort is just the latest example of Frisco ISD’s commitment to fiscal responsibility and strategic debt management.

“Managing the District’s debt portfolio is part of our responsibility to the community,” said Superintendent Dr. Todd Fouche. “These refinancing efforts are part of a strategic effort to manage our debt portfolio responsibly, reduce costs for taxpayers and pay down debt sooner .”

The District’s first refinancing this school year was the largest in Frisco ISD history. That effort refinanced $209 million of outstanding bonds, reducing the average interest rate from 3.8% to 2.8%, shortening repayment by 13 years and saving taxpayers $93.5 million in interest costs.

Just two months later, Frisco ISD refinanced an additional $214.4 million in outstanding bonds, lowering the average interest rate from 3.7% to 2.8%, shortening repayment by 12 years and generating another $34.7 million in savings.

Combined with the most recent transaction, Frisco ISD saved more than $152.2 million in future interest costs this school year while significantly accelerating the repayment of outstanding debt.

This work is part of a long-standing strategy to actively manage the District’s debt portfolio. For more than a decade, Frisco ISD has monitored market conditions and refinanced debt when doing so would reduce interest costs for taxpayers. To date, those efforts have generated more than $470.7 million in total savings.

The District continues to maintain a strong financial position through careful planning, conservative budgeting and proactive debt management. These efforts help ensure that taxpayer resources are used efficiently while supporting the District’s mission of providing exceptional opportunities for every student.

Those priorities are also reflected in the District’s budget development process, which will conclude soon when the 2026-27 budget is passed. Learn more about FISD budget development.