Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • smallcase bets on managed mutual fund portfolios to simplify investing
    • CI Global Asset Management Announces Name Changes for 37 Former Invesco Mutual Funds and ETFs
    • Why Investors Are Exploring Hybrid Mutual Funds and Balanced Advantage Fund Options?
    • PPFAS Launches Rs 250 Choti SIP in Parag Parikh Funds: What Investors Should Know – Money Insights News
    • Sustainability bonds and why they are becoming popular
    • A Beginner’s Guide To SIP In Mutual Funds
    • These 2 Dividend ETFs Are Beating the S&P 500 — Which Should You Buy?
    • Premium Bonds winner with just £270 invested scoops £100,000 prize
    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

    Sustainability bonds and why they are becoming popular

    June 2, 2026

    Premium Bonds winner with just £270 invested scoops £100,000 prize

    June 2, 2026

    Advisers are turning to onshore bonds as IHT planning becomes more complex

    June 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    smallcase bets on managed mutual fund portfolios to simplify investing

    June 2, 2026

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    smallcase bets on managed mutual fund portfolios to simplify investing

    June 2, 2026

    Vasanth Kamath, Founder and CEO, smallcaseInvestment platform smallcase has expanded beyond stocks and ETFs with…

    CI Global Asset Management Announces Name Changes for 37 Former Invesco Mutual Funds and ETFs

    June 2, 2026

    Why Investors Are Exploring Hybrid Mutual Funds and Balanced Advantage Fund Options?

    June 2, 2026

    PPFAS Launches Rs 250 Choti SIP in Parag Parikh Funds: What Investors Should Know – Money Insights News

    June 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    City of Texarkana to use opioid settlement funds to help support families in crisis

    August 7, 2024

    A Well-Priced Option for Investment-Grade Bonds

    December 22, 2025

    Pension funds urged to back alternative investments

    January 27, 2026
    Our Picks

    smallcase bets on managed mutual fund portfolios to simplify investing

    June 2, 2026

    CI Global Asset Management Announces Name Changes for 37 Former Invesco Mutual Funds and ETFs

    June 2, 2026

    Why Investors Are Exploring Hybrid Mutual Funds and Balanced Advantage Fund Options?

    June 2, 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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