Fiscal Responsibility

Bond 2025

School districts do not receive state funding for building new schools and facilities, and instead must use voter-approved bonds, which help pay for large projects that get paid back over time, like a mortgage
Magnolia ISD has saved over $71 million since 2009 by paying off bonds early and saving interest
Magnolia ISD has a history of successfully implementing bonds. The last bond came in on time and under budget, and past bond debt has been paid off ahead of schedule. We would apply the same approach to this bond
100% of the bond funds will stay in Magnolia ISD to be used locally for our students and our schools. Bond funds are not subject to recapture
Magnolia ISD received a Superior rating from the Financial Integrity Rating System of Texas. Superior is the highest rating given by the TEA’s financial rating system
Magnolia ISD received the Platinum Leadership Circle Award for Transparency from the Texas Comptroller
MISD received the Meritorious Budget Award from the Association of School Business Officials International
MISD earned the Certificate of Excellence in Financial Reporting from TASBO for the 35th year in a row