District Finances

  • School funding comes from local, state and federal sources – Sherman ISD residents support the District through property taxes. The maintenance and operations tax rate covers general operations, while the interest and sinking tax rate pays off debt generated by the issuance of schoolhouse bonds.

    • General Operating Budget: $64,192,188
    • Combined Tax Rate: $1.44
    • Maintenance & Operations: $1.17
    • Interest & Sinking: $0.27
    • Taxable Value: $2.9 billion
    • Average Home Market Value: $118,717
    • Spending Per Student: $8,562
    • FIRST Rating: Superior
    • Texas Smart Schools Initiative Score: 3.5 Stars