Sherman ISD holding public meetings about $176 million bond proposal

SHERMAN, Tex. (KXII) -- It's Sherman ISD's Bond Program Awareness week, a chance for voters to get their questions answered about the $176 million bond proposal.

After voters denied the district's $308 million bond proposal in May, they went back to the community to come up with a new way to address overcrowding and outdated infrastructure.

"I think the theme of this bond proposal is community input," Sherman ISD Assistant Superintendent for Finance and Operations Tyson Bennett said.

The district is holding community information meetings all week long so voters like Jack Noble can find out the details of the bond.

"I've lived here a number of years and I just wanted to keep up with what was going on," Sherman voter Jack Noble said.

With record enrollment this year and a high school more than 400 students over capacity, the district plans to use a $176 million bond proposal to create more space.

It would fund construction of a new $157.9 million high school with enhanced career and technical education. That high school would be able to hold at least 800 more students.

"As we see growth in the number of students, we hire more teachers," Bennett said.

The bond also includes $12.6 million in technology infrastructure upgrades.

The rest would go toward renovating the old high school to make another middle school and converting Dillingham to another elementary, meaning less school transitions.

"I like the idea of going back to two middle schools," Noble said.

The bond calls for an annual tax increase of $210 for every $100,000 your home is worth.

The district said the maximum interest rate is 4.5 percent and with projected growth, they plan to have the majority paid off within 15 years.

"The organization has gotten the information out to the people, they've had plenty of time to know what it's all about," Noble said.

The bond election is on Nov. 7.

There are three more community meetings. Thursday at 8:30 a.m. and 6:30 p.m., as well as Friday at noon.