Sherman residents have approved a budget for the coming fiscal year, which includes a decrease in the tax rate of 2.5 percent.  The $14.6 million budget includes $9.3 million for the schools and $5.19 million on the municipal side.  Part of the reason for the reduction is that there is more Grand List revenue, more money from a T-Mobile tower lease, less debt and some health insurance savings.  Even though spending is decreasing under the plan, the Senior Center will receive more funding to help the growing elderly population in Sherman.