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.)