Sales tax initiative in Sherman

By: Daniel Gotera Email
By: Daniel Gotera Email

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.

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  • by single working mom of 3 on Nov 1, 2007 at 06:36 AM
    They sure do make it sound good, don't they. But the only people that will really benifit is the rich yet again. The poor have to pay more sales taxes and dont own homes to even get a cut, the middle class property and land values will just be increased to make up the difference from the 20% decrease property taxes, plus pay higher sales taxes, and then the rich well they can just afford it all anyway. I am a home owner in Sherman my property value went up so high it is froze for a few years, so last year they doubled my land value, so I did'nt get any break. And still see no breaks coming.
  • by Butch "Dubya" Hickson Location: The Stix on Oct 30, 2007 at 09:00 PM
    Good job Mayor Magers. Its a great deal for Sherman residents.
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