Posts Tagged 

Finance

Community

Midway ISD Maintains Highest Financial Integrity Rating 8 Years Running

For the eighth consecutive year, Midway ISD has been recognized for upholding the highest standards of financial integrity and transparency set by the Texas Education Agency (TEA).
Community

Explaining the VATRE... Ballot Language and More

Why would an overall tax rate decrease require taxpayer approval? Midway's Parent Editorial Board requested a deeper dive into the moving parts of the Voter-Approval Tax Rate Election (VATRE), explaining the ballot language in particular. This article also summarizes what happens if you vote FOR or AGAINST the proposition.
Community

District-Wide Efficiency Audit Report Released

Midway ISD commissioned a financial efficiency audit according to House Bill 3 (2019) to review district data on accountability, students, staffing, and finances, including comparisons with peer districts and state data.
Community

What's a defeasance resolution and why did the board adopt one?

At the August school board meeting, the Midway ISD Board of Trustees adopted a defeasance resolution for the early repayment of outstanding principal.
Community

Board Approves 2023 Tax Rate

During the August school board meeting, the Midway ISD Board of Trustees approved a 2023 tax rate of $0.9392 —an 18.5-cent decrease from the 2022 tax rate of $1.12—but it still requires voter approval.
Community

Midway ISD Earns Highest Financial Accountability Rating From TEA

For the seventh 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.