board of trustees - reviewed and prioritized the needs from previous misd facility assessment and...
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Development & Input
Board of Trustees - Reviewed and prioritized the needs from previous MISD facility assessment and programmatic changes in curricular and extracurricular areas
Community Advisory Committee - Represented the community in the bond planning process
District Administration – Served in advisory (non-voting) role to Board and CAC
Factors Considered to Call for Bond
• Needs Assessment • Projects from 2007 study
not addressed in 2008 bond• Current needs due to age,
wear and tear
• Transportation• No recent bus purchases
due to state budget cuts• Decision not to stagger
school start times• Reduce average age of
buses• Needs for trip and special
education buses
• Student Enrollment Growth & Participation• 2008 MHS expansion was
primarily classroom space• Extracurricular & Fine Arts
participation increases
• Timing due to Current Economic & Financial Climate• Debt situation - low interest
rates, early payoff• Chapter 41 district
“Robin Hood”
Fine Arts 50% MHS 73% MMSAthletics 40% MHS 57% MMS
Budget Impact without Bond Funding
2013-14 2014-15 2015-16 2016-17 2017-18 Total
Maintenance
$ 501,300
$ 489,500
$ 1,411,812
$ 544,000
$ 2,109,422
$ 5,056,034
Transportation
695,000
695,000 695,000 695,000 695,000 $
3,475,000
Technology*
790,000
1,220,000
700,000 400,000 400,000 $
3,510,000
Fine Arts
405,000 60,000 60,000 60,000 60,000
$ 645,000
Athletics
21,000 253,000
$ 274,000
$ 2,412,300
$ 2,717,500
$ 2,866,812
$ 1,699,000
$ 3,264,422
$ 12,960,03
4
Average annual budget impact: $ 2,592,007 *Technology includes calculation of additional cost to replace
3,200 computers on a 4-5 year rotation over the annual cost to maintain VDI.
Student Growth
Additional demographic study information is available at www.midwayisd.org
Types of Tax Rates
MAINTENANCE & OPERATIONS(AKA M&O)
$1.04 For salaries For furniture and
supplies For utilities, gas, food
INTEREST & SINKING(AKA DEBT SERVICE; I&S)
$0.28 Used to pay off debt Not subject to Chapter
41 Cannot be used for
salariesBonds only
affect I&S
Taxable Assessed Value History
Tax Taxable Annual
Year Value(1) Growth Rate
2004 $2,242,920,3402005 2,382,609,150 6.23%2006 2,595,118,532 8.92%2007 2,753,461,180 6.10%2008 2,974,573,597 8.03%2009 3,121,367,487 4.93%2010 3,247,305,050 4.03%2011 3,382,782,863 4.17%2012 3,524,588,372 4.19%
(1) Freeze adjusted value.
Midway ISDGeneral Obligation Debt Analysis
$0.28 I&S Tax Rate Revenue
Projection
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
Principal Interest $0.28 I&S Tax Rate Revenue Projection
Tax Rate History & Projection
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
2006 -2007
2007 -2008
2008 -2009
2009 -2010
2010 -2011
2011 -2012
2012 -2013
2013 -2014*
$1.26 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04 $1.04
$0.25
$0.25 $0.28 $0.28 $0.28 $0.28 $0.28 $0.28
I&S
M&O
Peer Tax Rate & Debt ComparisonRanki
ngDistrict M&
O Rate
I&S Rate
Total Tax
Rate
Outstanding ($)
Final Maturity
Date
12345
BeltonFriscoLake TravisWacoCollege Station
1.171.041.041.041.04
0.350.420.370.320.30
1.521.461.411.361.34
138,184,9961,363,613,45
6406,575,420195,980,000220,430,000
20392043204220382036
6 Midway 1.04 0.28 1.32 92,259,964 2028
789
CorsicanaTempleMarble Falls
1.041.041.05
0.240.240.23
1.281.281.28
89,248,74694,567,83671,274,339
203420362039
Local Tax Rate Comparison
District 2012 Tax Rate
Bosqueville ISD 1.48
LaVega ISD 1.42
China Spring ISD 1.37
Waco ISD 1.36
Robinson ISD 1.32
Midway ISD 1.32
Lorena ISD 1.31
Connally ISD 1.27
Crawford ISD 1.21
McGregor ISD 1.19
District2013 Proposed Tax
Rates*
Lorena ISD* 1.67
China Spring ISD* 1.54
Bosqueville ISD 1.48
LaVega ISD 1.42
McGregor ISD* 1.38
Waco ISD 1.36
Robinson ISD 1.32
Midway ISD* 1.32
Connally ISD 1.27
Crawford ISD 1.21
*These districts have called for May 2013 bond elections with the published rate above. All districts' official tax rates are set in August.
FAQ: Could Tax Rate Decrease?
$0.28 I&S = $560 per year ($47 per month)
$0.25 I&S = $500 per year ($42 per month)
$60 savings per year = $5 savings per month
$200K
1950 1958 1966 1974 1982 1990 1998 2006
$34,500,000 – Technology, Transportation, Fine Arts & Athletics (PROPOSED)
2013
2008$75,800,000Build Castleman Creek Elem; River Valley Intermediate; Renovate Panther Stadium; Build Admin Building; Renovate Support Services; Renovate old admin for Alternative Campus & Ag Barn$51,000,000 -
Build MHS; Woodway Elem
1999
$15,000,000 - Build Midway Intermediate (Woodgate); PAC addition
1992
$7,350,000 - Build South Bosque Elem; other improvements
1988
$6,500,000 - Build Spring Valley Elem; HS improvements1984
$3,500,000 - Build Hewitt Elem; 19 HS classrooms1977
$3,400,000 - New HS (current MMS) & PE building1974
$1,000,000 - new elementary school (FAILED)1973 – July & Sept
$250,000 – HS & jr high renovations1971
$575,000 - Add A/C to buildings & jr high additions1968
$185,000 - Four elem classrooms & HS vocational rooms1965
$325,000 - Added HS gym, band hall, cafeteria & classrooms1962
$225,000 - Build high school1961
$60,000 - Add HS classrooms & cafeteria1960
$70,000 - Add elem classrooms1958
$85,000 - Build first elem school1956
$150,000 - Build first Midway ISD school
1950
MISD Bond History
2013 Bond Projects
Click icon to add pictureMaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking & CanopiesRenovations
TransportationRegular Route BusesSpecial Education BusesTrip BusesVehicles
Technology1-t0-1Virtual Desktop InfrastructureStorage & Equipment
Fine Arts & ExtracurricularsEquipmentFacilities
Proposed Bond
Projects
MaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking CanopiesRenovations
TransportationRegular Route BusesSpecial Education BusesTrip BusesVehicles
Technology1-t0-1Virtual Desktop InfrastructureStorage & Equipment
Fine Arts & ExtracurricularsEquipmentFacilities
MaintenanceSPRING VALLEY SPEEGLEVILLE
HEWITT WOODGATE
WOODWAY MIDDLE SCHOOL
SPRING VALLEY HIGH SCHOOL
$4,494,807
2013 Bond Projects
MaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking & CanopiesRenovations
TransportationRegular Route BusesSpecial Education BusesTrip BusesVehicles
Technology1-t0-1Virtual Desktop InfrastructureStorage & Equipment
Fine Arts & ExtracurricularsEquipmentFacilities
Transportation
+11
+9+2
$3,014,000
2013 Bond Projects
+10
MaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking & CanopiesRenovations
TransportationRegular Route BusesSpecial Education BusesTrip BusesVehicles
Technology1-t0-1Virtual Desktop InfrastructureStorage & Equipment
Fine Arts & ExtracurricularsEquipmentFacilities
Technology$10,383,789
2013 Bond Projects
2013 Bond Projects
MaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking & CanopiesRenovations
TransportationRegular Route BusesSpecial Education BusesTrip BusesVehicles
Technology1-t0-1Virtual Desktop InfrastructureStorage & Equipment
Fine Arts & ExtracurricularsEquipmentFacilities & Storage
Extracurricular Expansion
$16,600,605
2013 Bond Summary
• Maintenance $4,494,807• Transportation $3,014,000• Technology $10,383,789• Fine Arts & Extracurriculars
$16,600,605• TOTAL $34,493,201
Bond Voting Info
• Total of proposed bond is $34,493,201• Voter registration deadline is April 11• Early voting is weekdays April 29 – May 3• Election day is Saturday, May 11• Polling places include City of Hewitt and
City of Woodway• Schedule of temporary rotating polling
places & evening hours at midwayisd.org
Bond Voting Infowww.MidwayISD.org