Frankfort Independent board approves working budget, sets tax rate

The Frankfort Independent Schools Board of Education approved a working budget for fiscal year 2027 at its board meeting Monday.
The budget will be $16,013,707.43, an increase of $1.8 million from the previous year.
The board also approved a tax rate of 105.2 cents per $100 on real and personal property and 47.4 cents on motor vehicles.
The 105.2 tax rate is a 2% increase from the previous rate. A 4% increase would have been a tax rate of 107.3.
The 2% tax rate as opposed to the 4% tax rate resu