The City currently has a ¾ of a cent sales tax in place that is being used to retire bonds issued in 2018 and 2023. At its June 23, 2025, meeting, the Sherwood City Council voted to hold a special election on November 18, 2025.

Because state law requires each question to be voted on separately, the ballot will have multiple items:

Question One - Refinancing the existing bonds not to exceed 4.1 million for no more than 30 years and giving new bonding authority for questions two and three by extending the current ¾ cent sales tax.

Question Two - Funding of park improvements, including:

• Improvements to Henson Trail

• Improvements to the baseball/softball complex

• An indoor sports complex

• A multi-purpose events center

• Construction of a community park in North Sherwood

Question Three - Funding the construction of a new animal shelter

Question One must pass first. If it doesn’t, the existing sales tax will remain dedicated to the 2018 and 2023 bonds until they are fully retired. Stephens Inc. representatives predict that the retirement will occur sometime in 2027 or 2028.

If voters approve the three ballot issues, the ¾ of a cent sales tax will continue until the new bonds are retired. Every cent of this can only go towards the repayment of the bonds. If voters reject the proposals, the current tax will stay in place until the existing bonds are retired, and no new projects will be funded.