Midway ISD finance staff presented the district’s monthly financial report and a bond‑related debt analysis at the board meeting in October, giving trustees context for a bond election on the Nov. 4 ballot.

The report, prepared by district finance staff and vendor materials from BOK Financial (as presented), included these points:
- Enrollment: current enrollment was reported as 8,007 (presented as “8007.26”), roughly 98 students fewer than the previous year’s snapshot; finance staff said this is similar to enrollment in 2022–23.
- Average Daily Attendance (ADA) and Weighted ADA (WADA): the district reported its first‑six‑week ADA and a projection for the full year; staff said projected WADA is higher than budget and noted that special‑education weighted FTEs are contributing to the upward WADA projection.
- Long‑term debt: staff reported long‑term outstanding debt at about $146 million. Materials shown to the board said that if the bond on the November ballot is approved and $84 million is issued, total outstanding debt in the comparison table would be about $230 million — a number staff said would still be low relative to similarly sized and growing Texas districts.
- Interest and tax rates: the district’s interest & sinking (I&S) tax rate was presented as 24¢ (0.24) and was compared with peer districts; presenters said Midway’s debt levels and tax rate are low compared with similar districts despite recent facility additions.

Finance staff noted the district’s conservative debt amortization practice — prior bonds were issued with 20‑year terms and the district has retired debt early in prior years. One slide referenced nearly $11.4 million in early retired debt as an example of prior savings.

Board members asked how long current bonds run; staff answered that the last bond issuance in 2020 used 20‑year terms and the final maturities would be around 2040 under those assumptions.

Administrators also reminded the board that the bond proposal under discussion includes infrastructure items that could affect technology redundancy; district staff said a proposed data‑center component would provide local redundancy if voters approve the bond.

No formal action was taken on the bond at this meeting; staff said early voting had started and encouraged community participation in the November election.