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Midway ISD board adopts 0.936900 tax rate as FY2026 budget shows multi-million-dollar deficit
Summary
At its Aug. 12 meeting the Midway ISD Board adopted a property tax rate of 0.936900 (an effective 8.71% increase) and reviewed a FY2026 budget that moved from a $3.5 million projected deficit to $4.2 million, citing incomplete projects and a 4.66% drop in taxable property values.
The Midway Independent School District Board of Trustees on Aug. 12 approved a property tax rate of 0.936900 by a 6–0 vote, a change the board described in the motion as effectively an 8.71 percent increase. President Pete Rusek moved the tax-rate adoption and Pam Watts seconded; no members of the public spoke during the required public hearing prior to the vote.
Wesley Brooks presented the district’s July financial report, the first month of fiscal year 2026, saying the adopted FY2026 budget initially showed a $3.5 million deficit that increased to $4.2 million because projects budgeted in the prior year were not completed. The district also reported certified taxable property values from the appraisal district declined 4.66 percent from the prior year; the presentation attributed that drop to an increase in the homestead exemption and an unusually high number of property protests and reductions by the appraisal review board.
Board members approved the tax rate following the presentation. The board recessed into a short public hearing at 8:07 p.m.; no attendees addressed the board. The board’s adoption clears the tax-rate process for FY2026; members noted the district will continue budget planning and follow-up in upcoming meetings.
