The Midway ISD Board of Trustees has adopted a total tax rate of $0.9369 per $100 of property valuation for the 2025-26 school year, this is the same tax rate as last year. Since 2018, the District has reduced its total tax rate by 38 cents.
The adopted rate includes $0.6969 for Maintenance & Operations (M&O) and $0.24 for Interest & Sinking (I&S).
As part of its commitment to fiscal stewardship, the Board also approved a Defeasance Resolution authorizing the District to pay-off between $2 and $3 million in outstanding debt early.
“By keeping the tax rate steady while paying down debt ahead of schedule, we’re protecting the District’s long-term financial position and lowering costs for taxpayers,” said Assistant Superintendent of Finance Wesley Brooks.
The adopted tax rate and defeasance plan continue Midway ISD’s record of strong fiscal management, balancing operational needs with prudent debt reduction.
“Our Board is committed to balancing the needs of our students with responsible fiscal management,” Board President Pete Rusek said. “This decision is a win-win—reducing future costs while continuing to invest in excellence for our schools.”
For more information about Midway ISD’s budget, tax rate, and financial practices, visit midwayisd.org/financial-transparency.
