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Midway ISD board authorizes $83.5 million bond issuance, outlines financing plan
Summary
The Midway ISD Board of Trustees unanimously approved a bond order authorizing up to $83.5 million in unlimited tax school building bonds and delegated execution authority to district staff; advisers said the district will target a 20‑year repayment and enter the market in early 2026 without an NS‑side tax‑rate increase.
The Midway ISD Board of Trustees unanimously approved an order authorizing the issuance of up to $83,500,000 in unlimited tax school building bonds and delegated authority to district staff to finalize related documents.
Victor Quiroga of Specialized Public Finance told trustees the district’s financing plan aims to issue the full authorization in early 2026, target a 20‑year repayment term and obtain a fixed interest rate through a negotiated sale. Quiroga said the district has roughly $146,150,000 in outstanding principal across six…
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