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Midway ISD board adopts 2026-27 budget; general fund projects $2.6M deficit
Summary
Trustees approved the districts FY 2026-27 budget after a public hearing with no speakers; the plan assumes a $2.6 million general fund deficit under flat enrollment, a small Child Nutrition surplus and a $1 million Debt Service surplus earmarked for defeasance.
The Midway ISD Board of Trustees adopted the districts fiscal year 2026-27 budget following a required public hearing during which no members of the public addressed the board.
Financial officer Wesley Brooks briefed trustees on the bond budget and operations. The top-line bond project noted in the packet was a high school gym/locker-room project with a $19,900,000 total budget; Brooks reported a conservative favorable variance of $537,000 on that item and said contingency and other contingencies remain in place. In operations, the capital improvements program showed a $40,000,000 budget with a $1,500,000 favorable variance based on roof bids and early contract awards.
Administration said the proposed general fund budget assumes roughly flat enrollment and projects a $2,600,000 deficit; the Child Nutrition Fund shows a modest surplus of $36,000, and the Debt Service Fund shows approximately a $1,000,000 surplus that administration intends to use for a defeasance and will present for board ratification in August. Trustees emphasized conservative assumptions about next years enrollment; one trustee called the deficit "conservative" and suggested the districts staff efforts could close some of the gap.
The board adopted the FY 2026-27 budget by voice vote. The administration noted the budget includes compensation increases (an approximate $2,000,000 staff increase was discussed during questions) and will bring any required defeasance documents and related ratifications back to the board in July or August.
