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About the Bond
What Is a Bond Extension?
Sherwood residents have supported community improvements through bond programs in the past. A bond allows the City to borrow money for major projects — like parks, public facilities, and infrastructure — and repay it over time using a dedicated tax rate.
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In this case, the proposal is not a new tax. Instead, it’s a rededication of the existing bond that residents are already paying. That means we can fund important community projects without raising anyone’s tax rate.
Why Extend the Bond Now?
Sherwood is growing rapidly, and our facilities and services need to keep up with that growth. Extending the bond allows the City to:
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Invest in modern facilities like the new Animal Services building.
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Upgrade parks, trails, and recreation spaces for families.
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Build facilities that support sports, events, and tourism, bringing economic benefits.
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Ensure long-term planning without adding new financial burdens to residents.
How It Works
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The current sales tax rate dedicated to bonds will remain exactly the same.
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The bond is simply extended to provide funding for new projects.
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Funds can only be used for capital improvements (like buildings, parks, and facilities), not for salaries or daily operations.
Community Benefits
By extending the bond, Sherwood can:
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Provide safe, modern spaces for families and pets.
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Support economic growth through sports tourism and events.
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Improve quality of life with better parks and trails.
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Strengthen our sense of community pride for years to come.
Quick Facts
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No new tax – the current rate stays the same.
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Funds major projects – Animal Services, Henson Park, North Sherwood Park, Sherwood Forest Sports Facility & Event Center.
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Designed for growth – investments that benefit both current and future residents.