MIDLAND This week, Midland ISD finalized the defeasance, which eliminated all outstanding debt obligations prior to series 2024 and allowed the district to start paying back a portion of the new debt. This means the district has no outstanding debt prior to the 2023 voter approved bond, a news release said.

The defeasance was approved during the July 2025 regular meeting of the Board of Trustees and resulted in additional savings for taxpayers. The defeasance saved taxpayers $12,599,236 on top of the $92,053,078 that has been saved since 2012.

“We are proud to save taxpayers this additional $12.6 million through thoughtful planning over the past decade,” MISD Chief Financial Officer Tucker Durham said in the release. “It is our goal to provide superior financial stewardship to our taxpay

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