Midland ISD

2025-2026 budget

Expenditures

Instruction Related $194.4M
Debt Service $107.5M
Robinhood Payment $64.8M
Maintenance & Operations $55.4M
Student Services $51.0M
Administration $29.9M
Other $5.2M
Total $508.2M

Revenues

Local Property Taxes $434.8M
Other $65.5M
Total $500.3M

*Expenditures and revenues are estimates.

Spending per Student

All operating and non-operating expenditures.

2020 2021 2022 2023 2024
$12,683 $12,705 $13,012 $14,999 $18,458*

*Estimate

bond debt at ’24 FYE

Total P&I Maturity Annual Cost*
2023 School Building Bond1 $1.549B 2054 $51.7M
Refunding Bonds2 $162.8M 2032-2040 $13.2M
Total $1.712B $64.9M

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

1 – $1.4 billion voter-approved debt to build new buildings and renovate existing buildings

2 – Refinances old debt with better interest rates