Posts Tagged 

Finance

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.