Tag: Budget Deficit

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Sherman BOE Faces $302,907 Maintenance Deficit Following Retroactive Capital Approvals

Friday, June 5, 2026

The Sherman Board of Education is operating with a $302,907.15 deficit in its routine Repairs and Maintenance account following a series of retroactive, sole-source approvals for capital construction costs related to the $50 million school renovation project.

Sherman Weighs Extra $6.5M for School

Friday, August 15, 2025

Sherman voters will head to the polls on August 23 to decide whether to approve an additional $6.5 million for the “renovate as new” Sherman School project. The request comes after construction bids exceeded the original budget by millions, prompting concerns over the financial planning of the Board of Selectmen and Board of Education.