Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • How a 32-year-old Pune man made Rs 9 Cr without ‘best’ mutual funds: 7 lessons to learn – Money News
    • 4 Simple Vanguard ETFs Worth Buying and Holding for the Next 20 Years
    • ‘Uptober’ Starts Green as Bitcoin ETFs Draw $134 Million
    • What are the differences between individual stocks, investment trusts, and ETFs? Organizing stock investment methods for beginners
    • PPF vs SIP with Rs 1,49,000/year Investment: Which can create higher corpus in 15 years?
    • Which is more advantageous, ETFs or mutual funds? The optimal portfolio according to AI|チラシの裏紙メモ(Note)
    • Ethereum ETFs Outpace Bitcoin ETFs in 2026 Inflows
    • Dogecoin, Litecoin and HBAR ETFs Took In Less Than $10 Million Combined This Week. Do Altcoin Actually Move Prices?
    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

    Business Daily – Listen again – Bonds: Heroes or villains?

    October 4, 2026

    The Appeal and Risks of Corporate Bonds for Individuals (Japanese/English)|アメリカ経済論

    October 4, 2026

    What is the difference between “stocks” and “bonds”? Things to clarify before considering asset allocation|かび

    October 3, 2026
    Leave A Reply Cancel Reply

    Top Posts

    What are the differences between individual stocks, investment trusts, and ETFs? Organizing stock investment methods for beginners

    October 4, 2026

    Business Daily – Listen again – Bonds: Heroes or villains?

    October 4, 2026

    PPF vs SIP with Rs 1,49,000/year Investment: Which can create higher corpus in 15 years?

    October 4, 2026

    Nigerian ETFs Split as Greenwich Alpha Gains 97.63%

    October 4, 2026
    Don't Miss
    Mutual Funds

    How a 32-year-old Pune man made Rs 9 Cr without ‘best’ mutual funds: 7 lessons to learn – Money News

    October 4, 2026

    We have written about several people who built wealth in very different ways. Some relied…

    4 Simple Vanguard ETFs Worth Buying and Holding for the Next 20 Years

    October 4, 2026

    ‘Uptober’ Starts Green as Bitcoin ETFs Draw $134 Million

    October 4, 2026

    What are the differences between individual stocks, investment trusts, and ETFs? Organizing stock investment methods for beginners

    October 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Goldman Sachs Expands Crypto Holdings: Ethereum ETF Up 2,000%, Bitcoin ETFs Reach $1.5B

    February 12, 2025

    Santa Clara asks voters to pass multimillion-dollar bond

    July 11, 2024

    Will global bonds and emerging market debt diversify or add risk?

    April 9, 2026
    Our Picks

    How a 32-year-old Pune man made Rs 9 Cr without ‘best’ mutual funds: 7 lessons to learn – Money News

    October 4, 2026

    4 Simple Vanguard ETFs Worth Buying and Holding for the Next 20 Years

    October 4, 2026

    ‘Uptober’ Starts Green as Bitcoin ETFs Draw $134 Million

    October 4, 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.