Midland College

2025-2026 budget

Expenditures

Salaries & Benefits $54.5M
Campus Operations $16.9M
Debt Service $4.1M
Other $1.6M
Total $77.0M

Revenues

Local Property Taxes $48.7M
Tuition & Fees $11.9M
State Funds & Other $16.5M
Total $77.0M

*Expenditures and revenues are estimates.

Spending per Student

All operating and non-operating expenditures.

2020 2021 2022 2023 2024
$15,542 $14,296 $12,898 $12,588

bond debt at ’24 FYE

Year Issued Total P&I Maturity
Refunding Bonds1 $10.3M 2026-2028
Total $10.3

1 – Refinances old debt with better interest rates