Debt Overview

  • The following information is provided to allow Sherman ISD tax payers an easy to understand source for the district's debt obligations.

    2023-2024 Adopted Tax Rate

    • M&O Tax Rate: $0.7575 per $100 of taxable value
    • I&S Tax Rate: $0.479 per $100 of taxable value
    • Total Combined Tax Rate: $1.2365 per $100 of taxable value

    Current Credit Ratings

    • Moody’s: Aaa/Aa3
    • Standard and Poor’s: AAA/AA-
    • These ratings reflect the Sherman ISD’s sizeable tax base experiencing rapid enrollment growth and healthy reserve levels.
  • Series 1995A and 1996 bonds were used to modernize various campuses at the district.

    Series 2004, Series 2006-A, Series 2007, Series 2008, Series 2012, Series, 2013, Series 2014, and Series 2015 were part of a bond package in 2004. The funds were used to modernize all campuses in the district, construct Sory Elementary School, Construct Neblett Elementary School, construct Dillingham Intermediate School, Construct Sherman ISD Service Center, and modernize all other campuses

    Series 2018-A, 2018-B and 2021-A were bond packages in 2017.  The funds were used for districtwide technology upgrades, HVAC replacement at the old Sherman High School and the construction of the new Sherman High School. 


Bond Payment Schedules