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Midway ISD finance director warns of $2.5M General Fund gap; district keeps I&S tax rate at $0.24
Summary
Finance presentation at the May 19 Midway ISD board meeting projected a $2.5 million General Fund deficit for 2026–27 (assuming a 2% pay increase), noted a $36,000 projected surplus in Child Nutrition, and reported that the Debt Service Fund will retain an I&S tax rate of $0.24. The projections will feed into the formal June budget adoption.
During the May 19 meeting, Wesley Brooks presented the district's monthly finance report, saying the General Fund is projected to face a $2.5 million deficit for the 2026–27 fiscal year; that projection incorporates a recommended 2% General Pay Increase assumption. Brooks also reported a Child Nutrition Fund surplus projection of $36,000 and recommended maintaining the Interest & Sinking tax rate at $0.24.
Board members took the projections under advisement as they authorized up to $2 million for the compensation plan and prepared to return for formal budget adoption in June. The minutes record the finance figures presented in the packet but do not show line-item adjustments; trustees asked administration to include the authorization in the June adoption materials.
