Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Sebi Eases Intraday Borrowing Rules For Mutual Funds To Improve Liquidity Management
    • Should you look at the P/E ratio of mutual funds? Here’s what experts say
    • SEBI eases intraday borrowing norms for mutual funds to manage liquidity mismatches
    • City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened | Business
    • Inflation-protected bonds offer compelling value
    • These 5 Small-Cap Mutual Funds Delivered Over 27% Returns in 3 Years: Check Full List
    • UK Bonds Fall as Burnham Win Leaves Markets Speculating on Risks
    • What 20-year mutual fund data says about realistic SIP return expectations – Money 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

    Inflation-protected bonds offer compelling value

    June 19, 2026

    City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened | Business

    June 19, 2026

    UK Bonds Fall as Burnham Win Leaves Markets Speculating on Risks

    June 19, 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

    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

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Mutual Funds

    Sebi Eases Intraday Borrowing Rules For Mutual Funds To Improve Liquidity Management

    June 20, 2026

    The Securities and Exchange Board of India (Sebi) has broadened the circumstances under which mutual…

    Should you look at the P/E ratio of mutual funds? Here’s what experts say

    June 20, 2026

    SEBI eases intraday borrowing norms for mutual funds to manage liquidity mismatches

    June 19, 2026

    City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened | Business

    June 19, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Crypto Treasuries Meet ETFs in Novel Offering Before SEC

    September 24, 2025

    Former Wheeling Officials Investing in Future by Preserving the Past | News, Sports, Jobs

    July 20, 2024

    Why one of India’s top funds refuses to invest in Chinese stocks at all

    September 11, 2025
    Our Picks

    Sebi Eases Intraday Borrowing Rules For Mutual Funds To Improve Liquidity Management

    June 20, 2026

    Should you look at the P/E ratio of mutual funds? Here’s what experts say

    June 20, 2026

    SEBI eases intraday borrowing norms for mutual funds to manage liquidity mismatches

    June 19, 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.