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Midway ISD school board considers larger bond issue for the spring

Midway ISD school board considers larger bond issue for the spring

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After studying what the school district can afford, Midway Independent School District officials now are exploring a bigger bond issue for the spring.

Midway ISD trustees said at a special meeting Thursday that they want to consider going for about a $33 million bond issue, which is about $10 million more than they originally discussed.

District officials still are planning not to increase the tax rate at all and maintain the current debt service tax rate of 28 cents. Midway ISD’s total tax rate is $1.32 per $100 valuation.

The May bond election the school board is planning would fund many items, likely including security cameras, tablet computers for students, upgrades to computer servers and storage and several maintenance projects.

With more than $30 million in bond money, the district might be able to tackle some additional projects, such as renovating spaces for the high school theater and dance team.

District officials also are considering using bond money to get started on a multipurpose indoor facility for high 
school athletics.

Trustee Tom Pagel estimated that with a bond of a little more than $30 million the district would still have debt capacity to go for another bond in a few years.

“I definitely like the idea of doing a smaller bond now so that we can do another bond later,” said trustee Susan Vick.

Trustees say the district could need a new middle school in several 
years.

Trustees also submitted names of people to be included in a community advisory committee, which will help determine what items will be included in the bond.

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