The cost for the bond projects is approximately $247.5 million. The current tax rate will increase by about $0.50 per $1,000 of assessed value — or, approximately $125 per year on a home assessed at $250,000. This equals approximately $10.42 per month.
Planned Budget as of 2016
New High School
186,395,400
Relocate Laurel Ridge and Sherwood Middle to existing SHS site
6,701,400
Move Hopkins to Sherwood Middle School
4,880,200
Relocate District Office/community programs to current Hopkins site
1,226,900
Safety and Security Upgrades
5,567,000
Technology Upgrades
8,220,000
Curriculum
3,375,000
District-Wide Deferred Maintenance
27,510,000
Bond Insurance Costs
3,658,000
Bond Funded
274,533,900
OSCIM Grant
4,468,542
OSCIM Grant
Sherwood School District was selected to be one of only 11 districts in Oregon to receive an Oregon School Capital Improvement Matching (OSCIM) grant. As it is contingent on the passing of a bond, the District needed to pass the bond measure in the November 2016 election in order to receive $4,468,542 in bond-matching funds. (The genesis of OSCIM funds came from the 2015 Legislature and the identified need to assist districts around the state with addressing their growing deferred maintenance needs.)
