Sherman ISD calls for more than $500 million bond election

Published: Jan. 23, 2023 at 8:32 PM CST|Updated: Jan. 24, 2023 at 8:22 AM CST
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SHERMAN, Texas (KXII) - The Sherman Independent School District has approved two school bond proposals that, if approved by voters, would prepare the district for future growth.

“The city’s population may double in population in the next seven to ten years,” said Dr. Tyson Bennett.

That’s why Sherman ISD called a $540 million bond election this spring.

“Obviously, that’s going to be impacting the schools,” said Dr. Bennett.”

The bonds include two propositions.

The first, Proposition A, focuses more than $490 million on school buildings, including two new elementary schools, new school buildings to replace the Crutchfield and Fairview Elementary School buildings, the conversion of Dillingham Elementary into a middle school, and upgrades to safety and security district-wide.

“Our growth projections tell us that we’re going to be outpacing our capacity at the elementary level in three years, at the high school level in seven years, and at the middle school level in eleven years,” said Dr. Bennett.

The second, Proposition B, addresses building a new football stadium, costing $46 million.

“At Sherman High School, we would simply go up,” said Dr. Bennett. “A lot of the infrastructure is already there. The field, a lot of the utilities under the field, so it’s really saving us money.”

If the bonds are passed, the district said property taxes won’t go up partly because it has been paying down debt on previous bonds, like those funding the new Sherman High School.

District officials also point to the Texas Instruments and Globitech expansion.

“That type of growth in the high-tech industry is growing our tax base so much so that we’re able to offer or propose a bond program with no tax rate increase,” said Dr. Bennett.

Voters will decide the fate of the bonds in May.