Sherman ISD board approves $176 million bond for November ballot

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SHERMAN, Texas (KXII) -- The fate of a new Sherman High School is in the hands of voters after the school board approved a $176 million bond package Monday night.

After the $308 million bond failed in May, Sherman ISD asked community members who voted no to join the committee to come up with a new bond to address overcrowding and aging facilities.

Based on the community survey results, that committee presented four ideas to the board on Monday night, with the board ultimately choosing the option of a $176 million bond.

That would mean a 21 cent tax increase or $210 per year increase for every $100,000 your home is worth.

"We found out what the community really wanted, and that was a new high school and the infrastructure to go with that," bond committee member Eddie Brown said.

The proposed bond would pay for a new high school with enhanced career and technical education, upgrades to technology infrastructure which would improve internet access and surveillance. It would also include renovations like HVAC and EMS replacements at the current Sherman High School to help make it a middle school.

They would also reconfigure the grades with the addition of a new high school, putting K-5 in the elementary schools and 6-8 in two middle schools.

"We reduced the total package, we reduced the taxation, which was asked of us, and we're attacking the first part of our immediate education needs in a way that helps us with our growth and provides contemporary environment for our kids," Sherman ISD Board President Tim Millerick said.

The committee said Sherman High School has already seen nearly a five percent increase in enrollment from just the end of the last school year and is more than 400 students over capacity.

The new school has a 2,300 student capacity.

This all comes on the same night the city of Sherman approved its budget, voting on a storm water fee increase, a 3 percent utility rate hike and 3.3 percent property tax increase.

As for the bond, it'll be on the ballot for the Nov. 7 election.

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