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Midway ISD reports slight enrollment dip, $146M long-term debt and low I&S tax rate
Summary
Finance staff reported enrollment at 8,726 students (98 fewer than last year's snapshot), long-term debt of $146 million, and an interest & sinking (I&S) tax rate of 0.24—second lowest among comparison districts—at the Oct. 21 board meeting.
Assistant Superintendent for Finance Wesley Brooks presented the monthly finance report on Oct. 21, telling trustees that Midway ISD's current enrollment is 8,726, which is 98 students fewer than the prior year's snapshot; administration noted enrollment directly affects weighted average daily attendance and state aid funding. Brooks also reported the district's long-term debt stands at $146 million and that the district's I&S tax rate is 0.24, which the presentation characterized as the second lowest among comparison districts. He noted the district historically keeps bond terms around 20 years.
Board members did not take action on the report but received it as information. Trustees and administration discussed the importance of enrollment trends to state funding calculations and monitoring long‑term debt relative to peers.
