Tuloso-Midway Independent School District Successfully Issues $121 Million Of Bonds
CORPUS CHRISTI, TX, Aug 24, 2026 – On August 18, 2026, the Tuloso-Midway Independent School District successfully completed the first bond issuance authorized by voters in the May 2026 bond election, selling approximately $121.2 million of Unlimited Tax School Building Bonds, Series 2026 in a transaction led by Siebert Williams Shank & Co.
The bonds represent the first phase of the District's $140 million voter-approved bond program. In the May 2, 2026 election, Proposition A received 81% voter approval and Proposition B received 80% approval, demonstrating strong community support for continued investment in district facilities, safety, transportation, and technology.
Proposition A provided $136 million for renovations to the Tuloso-Midway High School, district-wide HVAC and roof replacements, renovations to the high school ag facility, a new fieldhouse and band hall for the high school, technology infrastructure improvements, a new extended learning playscape at the middle school and new school buses.
Proposition B provides $4 million for new student and teacher devices. These investments will help ensure students and staff have access to safe, modern, and effective learning environments.
Despite a challenging financial market environment, the bonds were met with strong investor demand, allowing it to secure favorable financing terms, maximize taxpayer value, to support efficient delivery of projects approved by voters.
"The successful sale of these bonds reflects investor confidence in Tuloso-Midway ISD and the strong, essential support shown by our community, who made their voices heard in the election earlier this May" said Superintendent Steve VanMatre. "We appreciate our voters for investing in the future of our students and look forward to delivering on the projects approved through the bond election."
“Specialized Public Finance Inc. is proud to support Tuloso-Midway ISD. Thanks to the district’s sound management and financial transparency, taxpayers overwhelmingly approved the May Bond Election. Issuing the Series 2026 bonds enables the community to begin accessing these voter-approved projects,” said Victor Quiroga, Jr., Managing Director, at Specialized Public Finance Inc.
“Siebert Williams Shank is proud to support the Tuloso-Midway ISD in accomplishing a successful result that demonstrates the District’s deep commitment to providing a first-class education to young Texans,” said Jacquelyn Cunningham, Senior Vice President, at Siebert Williams Shank.
The 2026 bond issuance is the largest financing in the District's history and marks an important milestone in advancing it’s long-term educational and facility goals.
Siebert Williams Shank & Co., LLC (SWS) served as book-running senior manager, with Baird, Texas Capital Securities and Frost Bank serving as co-managers. Specialized Public Finance Inc. served as the financial advisor. McCall, Parkhurst & Horton L.L.P. served as bond counsel to the District, and Jackson Walker LLP served as underwriter’s counsel for the transaction.
Siebert Williams Shank & Co., LLC is an independent non-bank financial services firm that offers investment banking, sales and trading, research, and advisory services. They provide customized solutions incorporating comprehensive financial advisory, capital raising and risk management guidance with the mission of delivering the highest level of value-added services to their clients. The firm is dually headquartered in New York and Oakland.
Contact: Butler Associates, LLC Public Relations
Tom Butler – 646-213-1802 / TButler@Butlerpr.com
Christian Agredo – 646-213-0286 / CAgredo@Butlerpr.com
