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MEISD earns 96/100 on FIRST financial rating; debt ratio noted as the only significant ding
Summary
The district received a 96 out of 100 on the FIRST financial integrity rating; the superintendent said the district’s debt ratio was the primary factor reducing a perfect score.
The board heard the FIRST (Financial Integrity Rating System of Texas) 1st report for the district. The superintendent told trustees MEISD scored 96 out of 100 on the FIRST assessment and described that score as "excellent."
He noted the only meaningful factor that reduced the score was the district’s debt ratio, which he linked to necessary facility investments. "We got a 96 out of a 100, Andy, which is amazing," he said, adding that minor financial items like debt ratios will affect the grade even when reporting otherwise is accurate.
