MC revenue exceeds projections with months remaining
What to watch: The Midland College Board of Trustees will meet Tuesday, May 19, to review the college’s financial report showing the college is outpacing both its property tax and its tuition revenue projections with four months left in the fiscal year, a contract increase that would push the O’Shaughnessy Hall renovation past $10.6 million, and a dual credit data report.
Key points:
- Revenue running ahead: April 30 financials show Midland College has already collected 101.1% of its annual property tax budget, $46.3 million against a $45.8 million budget, with four months still on the books. Combined, the college has received 98.7% of its full-year operating revenue with one-third of the year remaining.
Midland College adopted a $77 million budget for fiscal year 2025-2026, with $77 million in budgeted revenue.
- Dorm renovation: Trustees will consider a change proposal to install a campus-wide fire suppression system as part of the ongoing O’Shaughnessy Hall renovation. The college intends for the system to eventually serve all three residence halls. The change would push the renovation contract to $10.6 million from $10.1 million currently and add 120 days to the schedule.
- General education curriculum: Trustees will consider affirming the college’s general education core curriculum for the 2025-26 academic year. The core curriculum is the state-defined foundational component areas, including mathematics, U.S. history, and physical fitness. The curriculum totals 42 semester credit hours and constitutes the standard Texas Core Curriculum framework for community colleges.
- College presentations: College staff will present an end-of-year overview of dual-credit data and the college’s College & Career Connections (C3) initiative.