Tax rate increase in Sherman unrelated to rollback election

By: Stephanie Brletic Email
By: Stephanie Brletic Email

SHERMAN, Tex. ― The tax rate in the Sherman Independent School District will be going up, but it's not because of the recent rollback election.

This is the third year in a row that the tax rate will increase, but the seven-cent hike has been planned since 2005.

Sherman school officials tell us the increase has nothing to do with the recent rollback election. It stems from the 2005 bond election providing $77 million dollars to the district for construction.

The first year, the tax rate increased by eight cents, last year it went up seven cents, and this year will be the final seven cent increase, totaling just 22 cents, eight cents less than originally planned, and still lower than before that bond election.

"The tax rate of $1.44 will still be much lower than the tax rate was three years ago before the 2005 bond issue. At that time our tax rate was $1.68," assistant superintendent of finance Bruce Barnett says.

School officials say this is the last tax rate increase related to that bond issue.

In other district news, for the sixth year in a row, Sherman Independent School District received a superior rating from the state. Twenty-four areas are considered by the state, including dollars spent per student, and district debt.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by concerned on Oct 24, 2008 at 07:49 AM
    why you ask do i barely get by its because these republicans sitting high up on their hill with all there little tax breaks. i got one right across the street from me. i pay 1300 in taxes a year on house valued at only 58000 not alot but i love my house and what not trade it. but our neighbors right across the street bought there house for much more and pay way less in taxes. another part of bush's plan no doubt.I say go obama and biden because its about time i get a break. i cant go to the goverment like all these rich do and ask for bail out packages and take expensive vacations. they are the ones living off of welfare. my tax money and all the other middle class no doubt.
  • by Anonymous Location: Sherman on Oct 24, 2008 at 06:33 AM
    I've done some research and found that the tax system in Grayson county. I found that homes that have a minimum tax appraisal. I'm not a tax appraisor, But when somebody owns a city block which would include 21 homes all of which are being rented out, and the owner shows a combined property value listed at $97,k. On average these homes would only be worth $5k each. By looking at these homes, it is absurd. I am sure that there are other instances. This is just an example of tax code gone wrong and I believe that it is intentional all in an effort to pay as little as possible. At the same time, what about all the parents who don't pay property taxes. Or what about the salery of Hambrick. Would he be willing to take a cut in pay. I can see paying taxes and I do pay my portion based on my actual home value, I don't have kids in Sherman schools, and I only make $34k per year. I am the one along with many others in the same boat, that are feeling the pinch.
  • by Joe Location: Denison on Oct 22, 2008 at 10:06 PM
    Yo folks, Grayson Co. is as red (Republican) as it can be, yet our taxes keep going up. The Co. Judge and Commissioners would have you believe they have held the line on taxes, and even though the tax RATE has remained the same for years, tax revenues have steadily incresed due to the steady increase in appraised property values. While they claim to be fiscal conservatives, they have never seriously considerd lowering the tax rate as the appraised values increase. Heaven forbid the possibility of setting a rate that would actually generate less revenue. With respect to SISD, the voters approved the bond issue just as the voters nixed the rollback. All should have been well aware the bond issue would require a tax increase. However, most tax increases do not require voter approval, and the local Republicans who control every taxing entity in the county pass those tax increases with impunity.
  • by Will Location: Sherman on Oct 22, 2008 at 08:27 PM
    Hambrick and Burton can spend money faster than a speeding bullet. I to can see why Sherman ISD employess are upset. My neighbor who is a teacher says that this cscope thing is worthless and is costing a fortune.
  • by Anonymous Location: sherman on Oct 22, 2008 at 12:41 PM
    Kim and others. The tax increase is NOT from the Rollback election, but a scheduled increase from the BOND election that was passed early last year. A Bond election that I passed by ONE stinkin vote. I told my neighbors at the time to go vote and they didn't. Now they're complaining because they have to watch theyre taxes go up. Get out and Vote People.
  • by Leroy Location: Out There> on Oct 22, 2008 at 12:18 PM
    I feel the same way sometimes, Kim. I'm terribly preturbed...
  • by OOTO Location: Texoma on Oct 22, 2008 at 12:03 PM
    Are you people that you think a school district can just decide that it wants to raise taxes all on its own?? Do you really have no concept of how political systems work? It really amazes me just how stu...uh....naive, some people can be about government. Please, go back and take a HS level Civics class. What you failed to vote on a couple of weeks ago was a rate hike that would have helped your children's future. Do you people even grasp the concept of "cost of living" increases? Somehow I doubt it.
  • by Tired of Taxes Location: Sherman on Oct 22, 2008 at 11:53 AM
    From the local to the federal level, I'm tired of taxes. Anyone who thinks McCain OR Obama will truly do anything to lower taxes are smoking crack. If you want to reduce taxes, you have to reduce spending, first. That means cutting social programs (which Obama would never support) and cutting pork barrel spending despite big business interests (which McCain would never do). Face it, people. Until you start voting for people who aren't career politicians, you'll always get more of the same.
  • by Anonymous on Oct 22, 2008 at 10:38 AM
    hahahahhahahaha...u sherman against education, but you still have to pay for it. too funny.
  • by sherman Location: sherman on Oct 22, 2008 at 10:18 AM
    I already heard this was going to take place after the rollback no matter if it passed or not this tax increase was coming very soon after. I voted against the rollback and will again and again. This stinks and Al Hambrick plus city members and SISD knew this because I was told it was going down.
  • Page:
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 31940854 -
Gray Television, Inc.