SHERMAN, Tex. -- The increased sales tax initiative in Sherman continues to be a hot topic for next weeks November 6th election. The initiative consists of two propositions, one which provides additional relief to seniors currently benefiting from the 2005 property tax freeze and expands property tax relief to all Sherman taxpayers.
The other will allow the city to stay ahead of growth patterns. If both propositions are passed, officials say they will ensure a 20% decrease for all Sherman property tax payers while bringing in more money for the city, which attracts shoppers from all over North Texas.
"Retail and sales tax is the major revenue sale in the city of Sherman, and we need to maximize that revenue because it relieves Sherman citizens of the property taxes so it’s a shift in the right direction, in my opinion," Sherman mayor Bill Magers says.
All polling places will be open from 7 a.m. to 7 p.m. next Tuesday.