The Sherman Independent School District’s board of trustees will meet Monday to consider approval of property tax rates and discuss employee compensation plans.

The board is set to review a maintenance and operation tax rate of $1.17 per $100 valuation and a 27-cent debt service tax rate per $100 valuation. The rates, if approved, would be applied in the 2017-2018 fiscal year. Also up for approval is a potential 3 percent, midpoint raise for employees and an increase of the starting educator salary to $47,000. Trustees will also consider the establishment of a teacher and employee recruitment/retention program.

The meeting will be held at 5:30 p.m. in the Sherman ISD administration building, located at 2701 Loy Lake Road in Sherman. For additional information, call 903-891-6400.