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Manor ISD board approves $13.1 million short‑term note as district cites cash‑flow pressure despite TEA 'superior' rating
Summary
Trustees approved a $13.1 million maintenance tax note to bridge an intra‑year cash shortfall while presenters said the Texas Education Agency rated Manor ISD "superior" for 2022–23. Public speakers raised concerns about payroll delays and trustee travel spending.
Manor Independent School District trustees voted Oct. 22 to authorize a short‑term maintenance tax note of $13.1 million to cover operating cash needs through the winter months, after finance staff warned cash on hand could fall below 30 days by the end of the fiscal year.
The approval came after a detailed presentation of the Texas Education Agency's first financial rating for fiscal 2022–23. Moises Santiago, presenting the TEA indicators, told the board that Manor ISD achieved a "superior" rating for that year and cited a positive net position of roughly $40,100,000, strong current‑ratio metrics (3.19) and robust days‑cash‑on‑hand figures on several measures. "For this particular year, the district has scored a superior rating," Santiago said during the…
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