Results for: Surplus

Found 4 articles.


The 7% Selectman: What Sherman’s Glossy Budget Mailer Didn't Tell You

Saturday, April 11, 2026

A forensic look at the town ledgers reveals hidden executive raises, phantom funds masking explosive debt, and a $1.16 million illusion designed to kick Sherman’s financial reckoning down the road.

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.