Midland ISD to Finalize 2013-2014 Budget 8/25/13
CBS 7 News
August 25, 2013
Midland - As students head back to school tomorrow, Midland ISD officials will be busy taking care of finances.
School board members are expected to give final approval for the 2013-2014 budget and tax rate.
Good news is that board members will be able to reduce our local tax rate by at least one penny. Bad news is the district is officially at Chapter 41 school district, or a Robin Hood district.
This means the district is considered to have too much revenue and must now send money out to equalize its wealth with other Texas school districts.
Midland ISD is estimating to send back more than 12 million dollars for the upcoming school year.