MISD Trying to Figure Out $3.7 Million Deficit

MISD Trying to Figure Out $3.7 Million Deficit
By: Alexa Williams
NewsWest 9

MIDLAND- School might have just let out for summer but Midland ISD is already planning for the 2014-2015 school year. The budget for the upcoming year has been a challenge for the district. Right now, they're currently in a $3.7 million deficit.

"One of the biggest challenges that I talked to the board about is were a fast growth district which means we need to continue to hire teachers to serve the kids and that's one of our biggest expenses right now," MISD Superintendent, Dr. Ryder Warren, said. 

On top of the district's growth, Midland ISD is now considered a chapter 41 property wealthy school district. Meaning the state is going to take a portion of our tax dollars and give it to other districts that are in need. So now, MISD will have to give up $32 million.

"We're budgeting $32 million to leave us for the 2014-2015 school year. We're very concerned about what the system's affect will have on our district," Dr. Warren said.

The district plans to work through the summer to figure out what changes to make to fix the deficit.

"The board can go ahead and ask us to cut the rest of the $3.7 million or the board can ask us to go through a process of actually asking the community for a couple of more pennies for tax rate," Warren said.

Warren also said the district should have the budget figured out within the next few weeks.