Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say
    • Large & mid-cap mutual funds vs separate portfolio split: How do their returns compare over 1, 3 and 5 years?
    • Why mutual fund investors often earn less than the fund’s reported return
    • CI Global Asset Management Launches Global Small/Mid-Cap and International Growth Equity Mandates, Providing New Diversification Options for Mutual Fund and ETF Investors
    • US treasury secretary hails government’s bond buyback a success | US economy
    • US treasury secretary hails government’s buy back of bonds a success | US economy
    • Warren Buffett’s 1969 warning for mutual fund investors: What if your star fund manager quits? – Money News
    • 3 Defence Mutual Funds to Keep an Eye on in 2027 – Money Insights News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»What’s in nearly $600M Lancaster County school bond
    Bonds

    What’s in nearly $600M Lancaster County school bond

    October 28, 2024


    LANCASTER COUNTY, S.C. (WBTV) – Voters have until Saturday, Nov. 2 to cast their early ballots, with Election Day set for next Tuesday, Nov. 5.

    This year, many ballot boxes will feature additional options, including several important referendum votes across various counties and cities.

    In Lancaster County, South Carolina, voters will encounter a significant bond referendum totaling nearly $600 million, the largest in the region. This bond aims to address numerous educational needs within the district.

    What is a bond referendum?

    Referendum votes allow citizens to directly influence legislation or proposals that typically bypass the elected representatives. For Lancaster County, this bond referendum will appear directly on the ballot and involves a wide range of initiatives.

    The bond, amounting to approximately $588 million, focuses on critical infrastructure improvements in local schools. Key projects include:

    • Renovations to Buford Middle and High School.
    • New elementary and high schools for Indian Land.
    • Upgrades and a new gym at Andrew Jackson High School.
    • A replacement school for Kershaw Elementary.

    The bond details are extensive, with a dedicated website that can be quite overwhelming. It includes sections on facility needs, project recommendations, and the cost impact to taxpayers.

    Breakdown of the costs

    In order from greatest to least, these are how the bond documents break down the expected allocations:

    • Community-wide
      • New, 1,200-student elementary school
      • New, 2,000-student high school in North Area
      • Athletic support space additions to Indian Land High School and Middle School
      • Community-wide supportive facility upgrades
    • Lancaster community – $113,450,000
      • New, 1,200-student elementary school
      • South Middle School renovations
      • Lancaster High School renovations
      • Community-wide supportive facility upgrades
    • Kershaw Community – $95,000,000
      • New, 1,000-student elementary school
      • Andrew Jackson High School’s new gym and renovations
      • Community-wide supportive facility upgrades
    • Districtwide – $37,600,000
      • Camera additions/renovations
      • Satellite maintenance facility
      • Activity buses
      • Elementary and Middle School Gym Renovations
      • District office board room expansion
      • Repurpose North Elementary School
    • Buford Community – $26,500,000
      • Buford Middle School renovations
      • Buford High School renovations
      • Community-wide supportive facility upgrades

    If the majority of voters reject the bond, it will not pass. Conversely, a majority vote in favor allows the district to issue the bonds, resulting in a tax increase.

    For example, homeowners with a property valued at $300,000 and a car worth $30,000 can expect to pay approximately $16 more per month, translating to about $200 annually.

    The School Districts breakdown of estimated costs associated with the 2024 Lancaster School...
    The School Districts breakdown of estimated costs associated with the 2024 Lancaster School Bond Referendum.(LCSD)

    Community Perspectives

    The bond referendum has sparked diverse opinions within the community, with some groups advocating for its approval and others urging residents to vote against it.

    • Here is a Facebook group advocating for the bond.
    • Here is a Facebook group advocating against the bond.

    Copyright 2024 WBTV. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    US treasury secretary hails government’s buy back of bonds a success | US economy

    September 15, 2026

    US treasury secretary hails government’s bond buyback a success | US economy

    September 15, 2026

    Wynn Macau Ltd lowers conversion price of US$600 million convertible bonds after interim dividend declaration – IAG

    September 15, 2026
    Leave A Reply Cancel Reply

    Top Posts

    What is an index fund?

    March 11, 2026

    Defiance ETFs Launches CAPA, the First U.S.-listed Capacitor & MLCC ETF

    August 26, 2026

    Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say

    September 16, 2026

    US treasury secretary hails government’s bond buyback a success | US economy

    September 15, 2026
    Don't Miss
    Mutual Funds

    Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say

    September 16, 2026

    Mid-cap mutual funds continue to attract investors even as valuations remain above their long-term averages.…

    Large & mid-cap mutual funds vs separate portfolio split: How do their returns compare over 1, 3 and 5 years?

    September 15, 2026

    Why mutual fund investors often earn less than the fund’s reported return

    September 15, 2026

    CI Global Asset Management Launches Global Small/Mid-Cap and International Growth Equity Mandates, Providing New Diversification Options for Mutual Fund and ETF Investors

    September 15, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Salt Lake County bond on November ballots could cost property owners $60 a year

    August 23, 2024

    Mutual fund industry sees 7 times growth in 10 years; passive investing gains momentum: Motilal Oswal

    August 6, 2025

    Inflation Cools in June, Triggers Spike in Laggard ETFs

    July 12, 2024
    Our Picks

    Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say

    September 16, 2026

    Large & mid-cap mutual funds vs separate portfolio split: How do their returns compare over 1, 3 and 5 years?

    September 15, 2026

    Why mutual fund investors often earn less than the fund’s reported return

    September 15, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.