General Operating Budget: $120,129,459
Tax Rate: $1.2744 (3.5 penny decrease from 2019)
Aggressive Debt Management
November 2020 refunded two bonds saving $28.5 million and a reduction in amortization by 2 years.
Magnolia ISD has the lowest voter-approved debt per student.
- FIRST Rating: Superior
- Texas Association of School Business Officials: Award of Merit for Purchasing Operations (one of less than 50 districts in the state)
- Reduction of property tax rate two years in a row
- Bond Rating: Aa2