City Finances

The City of Sherman's fiscal year begins on October 1 and ends on September 30. The City Council controls the finances of the city through the annual budget. Developed through a rigorous process and adopted via an ordinance, the budget provides appropriations which are the permission to spend public funds.

2022-2023 Budget

The City of Sherman Texas will hold a public hearing on the adoption of a budget for the Fiscal Year ending September 30, 2023.  This budget will raise more total property taxes than last year's budget by $2,760,000 and 14% and, of that amount, $476,00 is tax revenue to be raised from new property added to the roll this year.

After the hearing, the City Council will vote on the adoption of the budget.

A public hearing and vote will be held on Monday, August 15, 2022 at 5:00 p.m. at Sherman City Hall, 220 West Mulberry Street, Sherman, Texas 75090.

Members of the public are encouraged to attend the hearing and express their views.

2021-2022 Budget

The City Council adopted the 2021-2022 Budget at the August 16, 2021 City Council meeting.  The budget of $125.1 million includes funding for a 3% across-the-board increase for employees, a new police headquarters, $3.5 million in fleet and equipment, $17.5 million in utility projects, $11.9 million in street projects including major rebuild projects of existing streets, and $1.5 million for park and other projects.  This budget is about $28.1 million more than the original FY 2021 budget due to an increase in capital expenses and General Fund operations.  Fund balance in the General, Utility and Solid Waste Funds are at targeted levels.

Prior Annual Budgets