Relocation » Financial Transparency

Financial Transparency

 

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.
Bond Refunding graphic
 
Magnolia ISD has the lowest voter-approved debt per student.
Lowest Student-Debt Ratio
Lowest Student/Debt Ratio
 

Recognitions

  • 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