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Sherman ISD finance staff warns of $2 million deficit, urges conservative 2025–26 budgeting amid legislative uncertainty
Summary
Finance staff presented the district’s revenue mix, explained why state per‑student funding has not kept pace with inflation and said the board must close an approximately $2 million deficit to present a balanced 2025–26 budget while the Texas Legislature remains unsettled.
Mandy Lewis, presenting budget planning information to the Sherman Independent School District Board of Trustees, told trustees the district currently relies heavily on local property tax revenue and faces an approximate $2 million deficit that staff aim to eliminate before adopting the 2025–26 budget.
“Right now we’re probably looking more like 70/30 — 70% local and 30% state,” Mandy said, describing the district’s revenue mix and explaining that local growth increases property collections while state funding per student has not risen since 2019. She said the district currently receives…
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