Financial Transparency

Strong schools require strong stewardship. Midway ISD is committed to maximizing every taxpayer dollar while maintaining the people, programs and facilities that support student success.

98 / 100

Superior Achievement
Texas FIRST

$0.9089

Lower Tax Rate
2026–27

$11.4M+

Debt Retired Early
Since 2019

$5M+

Interest Saved
Through early repayment

‍Midway ISD earned an A — Superior Achievement — in Texas' School FIRST financial accountability system for 2025–26.

Midway ISD has steadily reduced its tax rate while continuing to invest in high-quality schools, programs and facilities.

Midway maintains a competitive debt level compared with similarly sized Texas school districts, preserving financial flexibility for the future.

$83.5 million 2025 Bond

Midway ISD is putting voter-approved bond dollars to work across the district while maintaining a focus on responsible spending. Projects are moving forward, and careful planning, competitive pricing and project management are helping maximize the community’s investment.

BOND IN ACTION: SEE PROJECTS, PROGRESS & SAVINGS: Bond2025

Basic Allotment

ISD Budget Breakdown

ISD Funding Buckets

Local

Local sources of revenue generated more than half of all sources of revenue. Local revenues include property taxes, earnings on investments, and tuition and fees. Midway ISD households benefit from the funds generated by the Texas Industrial Park location in our tax base.

State

State sources of revenue that support the general fund fill in after local taxes. State revenues account for 16% of the general fund. If local taxes bring in more revenue, state revenue decrease inversely.

Federal

Revenues received from federal sources constitute 1.1% of total revenues.

Highest Integrity Rating Earned

For the ninth year in a row, Midway ISD is being recognized for meeting the highest standards set by the Texas Education Agency (TEA) in financial integrity and transparency.

Payroll

Compensation includes the gross salaries or wages and benefit costs for employee services.

Contracted Services

Contracted Services costs are used for services rendered by firms, individuals, utility companies, and/or other organizations.

Supplies and Materials

Supplies and Materials include testing materials, fuel to transport children, and other general supplies and materials.

Debt Service

Debt Service covers principal and interest payments related to a capital lease obligation or bond repayment.

Capital Outlay

Capital costs fund building improvements, furniture, and other equipment.

Other Operating Costs

There are many other costs, including student and staff travel fees, property insurance, and more.

Annual Reports

Financial statements, auditor reports, and federal funding information

Monthly Reports

General fund revenue, expenditures, and other changes to fund balance

Budgets

Adopted budgets for general fund, food service, and debt service

Check Registers

Records of individual expenses
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Debt Service

Summary of district debt and payment schedules

Other Reports

Other Financial Reports
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Bids & Proposals

The Midway ISD purchasing department will place current bids here.

New Vendor Forms

Vendor forms
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School District Tax Rate

The Midway ISD Board of Trustees sets two tax rates each August:

• The M&O rate funds salaries and operations. This is like your checking account.

• The I&S rate funds facilities and major purchases. This is like your mortgage.

Any increases to either tax rate must be approved by voters. The current combined tax rate is $0.9089 (set August 2026).

Frozen Taxes for Ages 65+

TAX RATES ARE FROZEN FOR SENIORS 65+. All Texas residents 65 and older have "frozen" school district taxes. The amount paid (for school taxes only) will never increase no matter the tax rate or property value.

How Property Appraisals Affect School Taxes

Although MISD's tax rate is at a historic low, you may be paying a higher actual tax amount. This is due to increasing property values, measured by an appraisal from the McLennan County Appraisal District to meet State thresholds. The State conducts a Property Value Study, and the Appraisal District must be within 5% of their values.

Midway ISD does not receive more M&O funding due to local higher property appraisal values. Local and state M&O funding have an inverse relationship. If local tax income increases due to property values, the State decreases their share of school funding.

School districts are funded per student. In fact, we are not even funded per student enrolled, but as a percentage of enrollment based on student attendance rates. The only mechanism for increasing funding for Maintenance & Operations (M & O) without changing the tax rate is student enrollment growth.

Tax Rate History

Tax Rate Comparisons

Required Postings

Board of Trustees

Click here to read more about each School Board member. You may also contact each member through their official Midway email address.

District Contact Information

Midway ISD's mailing address is 13885 Woodway Drive, Woodway, TX 76712. Emails can be sent to communications@midwayisd.org or comments@midwayisd.org. The main phone number is 254-761-5610.

District Budget

The current year proposed or adopted budget, as well as at least two years' previous budgets are linked here.

Financial Reports

Each financial report linked here includes an independent auditor's report.

Tax Rate History

2026 tax rate: $0.6689 M&O + $0.24 I&S = $0.9089

2025 tax rate: $0.6969 M&O + $0.24 I&S = $0.9369

2024 tax rate: $0.6969 M&O + $0.24 I&S = $0.9369

2023 tax rate: $0.6992 M&O + $0.24 I&S = $0.9392

2022 tax rate: $0.8546 M&O + $0.27 I&S = $1.1246

2021 tax rate: $0.89 M&O + $0.27 I&S = $1.16

2020 tax rate: $0.97 M&O + $0.27 I&S = $1.24