WOODWAY, Texas (KXXV) – “For too many years, Midway ISD’s situation has been patchwork, Band-Aids and duct tape. Those days are past,” said Scott Brand, Midway ISD’s parent company. .
A $148 million bond in 2019 helped Midway ISD build new schools and renovate its current campus.
However, construction was completed within budget, leaving the district with $6.2 million to use for other projects.
“We spent approximately $1.5 million on safety improvements, including some of the equipment needed to get the Midway Police Department off the ground,” said Midway ISD Superintendent Chris Allen.
“Prior to the bond, the security aspect of the building was very outdated,” Brand said.
“We don’t have the situation where we used to walk around the school and find doors opening by themselves or locks breaking.”
Remaining bond funds will be used to update lighting throughout the district, add an inclusive playground to each elementary school, and update the video management system.
The savings were made possible because the Midway School Board agreed to pay off some of the district’s bond debt ahead of schedule, saving taxpayers millions of dollars.
“The district is using excess levies to pay off some of its bonded debt early,” said Deputy Treasurer Wesley Brooks.
“You can pay off your bond debt sooner, which reduces the amount you have to pay in terms of interest.”
Brooks says this strategy is fairly common, but it’s had a big impact.
“Because we conducted four exterminations in 2019, 2020, 2023 and 2024, resulting in net savings of $2.9 million,” Brooks said.
“It just allows us to take care of our students in a way that reduces the financial pressure on parents and business owners in our region,” Allen said.
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