Topic: Finance

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Found 6 articles filed under Finance


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.

Don Lowe vs. The Constitution: Weaponizing the State Police

Wednesday, February 18, 2026

Dispatching State Troopers to silence a lawful drone flight reveals a dangerous misunderstanding of our constitutional rights. We examine how First Selectman Don Lowe treats the town of Sherman like a private corporation—and treats taxpayers asking questions about a $42.8 million project like unruly employees who need to be disciplined.

The Cost of Denial: Bankruptcy, Blue Tarps, and a $42.8M Crisis

Tuesday, February 17, 2026

It began with officials denying obvious safety hazards. It escalated to crews frantically hanging blue tarps on a federal holiday. Now, as the $42.8 million Sherman School project demands more oversight, we uncover a troubling financial baseline: the First Selectman’s personal bankruptcy filing just weeks before his first election.

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’s Next Major Project: The $3.5M Senior Center

Thursday, September 4, 2025

With the town already shouldering a chaotic $42.8 million school renovation, another major municipal building is poised to rise. The proposed Sherman Senior Center—a $3.5 million project—is now quietly moving through design and consultation. Why taxpayers need to watch this blueprint closely before the shovels hit the dirt.

A 60% Raise: How the First Selectman’s Salary Outpaced Inflation

Sunday, March 30, 2025

Since taking office in November 2017, First Selectman Don Lowe’s salary has quietly climbed from $52,000 to $83,000. We break down the math behind this staggering 60% pay increase—a massive hike that completely detaches from the rate of inflation and leaves taxpayers footing the bill.

Sherman CT Stats

Area (mi²): 21.914
State: Connecticut
Population: 3,516
Growth Rate: -0.2%
Aver. home income: $221,125
Aver. home: $656,253
Poverty rate: 2.88%
Median age: 59.4 years
source

The Town of Sherman Connecticut

Founded in 1802, Sherman has a rich colonial history and maintains a traditional New England village center. The town is served by a single K-8 school, Sherman School, after which students typically attend New Milford High School or private institutions. There is no major commercial development, reinforcing its rural charm.

The town places a strong emphasis on conservation, with protected open spaces such as Naromi Land Trust properties and state parks ensuring sustainable development. The Sherman School serves students from pre-K to 8th grade, with high schoolers attending regional schools in nearby towns.

Civic engagement is strong, with local governance handled through town meetings. Conservation is a priority, with efforts to preserve open space, protect Candlewood Lake’s water quality, and maintain the town’s natural beauty. Sherman has consistently been recognized as one of the best small towns in Connecticut for its quality of life and environmental preservation efforts.

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