board of trustees - reviewed and prioritized the needs from previous misd facility assessment and...

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




MaintenanceSPRING VALLEY SPEEGLEVILLE

HEWITT WOODGATE

WOODWAY MIDDLE SCHOOL

SPRING VALLEY HIGH SCHOOL

$4,494,807

2013 Bond Projects

MaintenanceHVAC, Boilers & EnergyRoofingFlooring & HallsWindows & DoorsParking & CanopiesRenovations




Transportation

+11

+9+2

$3,014,000

2013 Bond Projects

+10





Technology$10,383,789

2013 Bond Projects

2013 Bond Projects




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

board of trustees - reviewed and prioritized the needs from previous misd facility assessment and...

Documents

mms slide

month slide

cac slide

build hewitt elem

build mhs woodway elem

fine arts athletics

bond current needs

mms athletics