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Sherman ISD budget planning faces major unknowns as property values rise and enrollment could fall
Summary
District finance staff told trustees preliminary taxable values rose about 32% on the M&O side; state funding share is projected to fall and the board faces unknowns from pending legislation, certified property values and possible enrollment declines tied to a new charter school.
Sherman Independent School District officials told the Board of Trustees on May 20 that they are proceeding with budget planning amid several significant unknowns, including pending legislative changes, uncertified property valuations and possible enrollment declines.
A staff presenter said the district received a preliminary taxable value update in April showing an approximate 32 percent increase for the maintenance and operations (M&O) side compared with last year; that figure remains preliminary while tax appeals continue and certified values will not be available until July.
“Right now, we don't know what our certified taxable value is going to be until July,” the presenter said, noting the figure will…
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