Results for: Budget

Found 7 articles.


The Hubris of "Comfort"

Thursday, April 2, 2026

Sherman's leadership publicly rejects cyber insurance despite managing tens of millions in public funds. Why this "comfortable" decision is an open invitation to disaster.

Sherman's Fiscal Failure: Paving Roads, Padding Salaries, and Sherman’s $50 Million Illusion

Friday, March 20, 2026

A forensic audit of Sherman’s budgets from 2013 to 2026 reveals a decade-long pattern of severe fiscal mismanagement. The public ledger shows that the administration hoarded a $2.3 million surplus, increased executive compensation by 78%, and prioritized paving beach parking lots—all while overseeing the catastrophic decay of the Sherman School, resulting in a $50 million infrastructure crisis.

The Illusion of Stewardship: Bankruptcies, Budgets, and Sherman’s $42.8M Trap

Saturday, March 14, 2026

A local administration manufactured a public safety panic over a drone. The real threat, however, lies in the town ledgers—where years of deferred maintenance and a hidden $2.3 million surplus quietly laid the groundwork for a generational tax burden.

The Art of Demolition by Neglect: A $5.6M Surplus and a $42.8M Crisis

Thursday, February 19, 2026

How does a town sitting on a $5.6 million surplus suddenly need a $42.8 million blank check? We expose the decade-long strategy of "demolition by neglect" that starved the Sherman School to build a political rainy-day fund—and the fiscal hostage situation that forced taxpayers to foot the bill.

The Sherman Paradox: A $50M Crisis and a 55% Raise

Monday, February 9, 2026

A $50 million town asset left exposed to freezing winds. A residential neighborhood flooded with industrial light. And a First Selectman whose salary climbed 55% while the construction budget spiraled. We investigate the "White Lantern" anomaly and the fight for accountability on Sawmill Road.

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.

Town Members Claim BOS Malfeasance

Friday, August 1, 2025

Sherman officials approved $4.3 million in school renovation spending at a hastily warned meeting, despite an $8 million budget gap and no voter approval. Critics call the move reckless, citing a lack of transparency, safety concerns, and legal violations. With the project already over budget and behind schedule, residents fear the town is beyond the point of no return—raising serious questions about oversight and public trust.