2025-2026 budget

Expenditures

Water & Sewer	$98.4M
Fire & EMS	$49.6M
Police	$45.8M
Sanitation	$32.0M
Garage	$32.0M
Airport	$27.9M
Engineering	$26.2M
Debt Service	$19.2M
Employee Benefits	$17.3M
ITSD	$12.5M
Parks & Recreation	$12.4M
Other	$87.6M
Total	$460.9M

Revenues

Services, Rentals & Leasing	$
Local Property Taxes	$
Interfund Charges	$
Sales Tax	$
Franchise & Other Taxes	$
Interest & Other Revenue	$
Other	$
Total	$

*Expenditures and revenues are estimates.

bond debt at ’24 FYE

	Total P&I	Maturity	Annual Cost*
2017 Road Bond¹	$68.4M	2045-2048	$3.1M
Public Improvements²	$226.5M	2040-2045	$12.8M
Road & Refunding Bonds³	$93.2M	2043-2044	$4.9M
Refunding Bonds⁴	$506.7M	2032-2050	$22.9M
Total	$894.7	—	$43.7M

*Annual costs are estimates based on information available through the Secretary of State’s office. Actuals may vary.

1 – $100 million voter-approved debt to improve roadways

2 – Includes building the Bush Convention Center in 2016 and improvements to Hogan Golf Course, solid waste systems, and water and sewer systems approved in 2024

3 – $100 million 2017 voter-approved debt to improve roadways combined with refinancing old debt with better interest rates

4 – Refinances old debt with better interest rates

City of Midland

Latest News

City proposes 1.5% increased budget for FY 2026

City council moves new $461M budget forward

How new state laws will reshape city taxes, transparency

City proposed budget would raise average tax bill by 0.75%

High school construction adds $18M in extra taxpayer costs

Council to consider $18M for roadways to new high schools

Police data shows 4% drop in Midland’s most serious crimes

City budget proposal raises $3.7M, $55 homeowner tax bill bump

2025-2026 budget

Expenditures

Revenues

bond debt at ’24 FYE