Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual fund schemes with negative returns surge 3-fold in FY26; only 198 deliver over 10% returns: SEBI annual report
    • New SEBI Nomination Rules From September 1: What changes for demat, mutual fund investors; How to nominate
    • NPS gets a new edge over mutual funds: Why the old ‘pension product’ tag may no longer fit – Money News
    • Bitcoin (BTC) price news: What next after $853 million in weekly ETF inflows?
    • Bitcoin ETFs Draw Nearly $1,000,000 in Weekly Inflows After Cold Storage Breach
    • Thematic Mutual Funds As Core Holdings? 20 Years Of Rolling Return Data Make a Compelling Case
    • 5 amazing ASX ETFs to buy with $500
    • Bitcoin ETFs Are Having Their Best Week Since April. Did the Coldcard Hack Push $853M Into Bitcoin ETFs?
    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

    Fixed savings rates hit a two-year high: should you lock in now?

    August 6, 2026

    European green bonds rebound to take share from ‘greenhushed’ US

    August 4, 2026

    NS&I confirms Premium Bonds August winners with two £1 million prizes won

    August 3, 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

    5 amazing ASX ETFs to buy with $500

    August 8, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual fund schemes with negative returns surge 3-fold in FY26; only 198 deliver over 10% returns: SEBI annual report

    August 9, 2026

    The performance of mutual funds weakened significantly in FY26, with the number of schemes reporting…

    New SEBI Nomination Rules From September 1: What changes for demat, mutual fund investors; How to nominate

    August 9, 2026

    NPS gets a new edge over mutual funds: Why the old ‘pension product’ tag may no longer fit – Money News

    August 9, 2026

    Bitcoin (BTC) price news: What next after $853 million in weekly ETF inflows?

    August 9, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    ETFs on track for $35 trillion as advisors eye active, digital asset boom

    March 1, 2026

    Investment trusts are outperforming funds – which is best for your portfolio?

    April 28, 2026

    Deborah Roberts on the ‘Unbreakable Bonds’ With Our Sisters, Co-Anchoring ’20/20′ and What Kind of Husband Al Roker Is [Exclusive]

    October 21, 2025
    Our Picks

    Mutual fund schemes with negative returns surge 3-fold in FY26; only 198 deliver over 10% returns: SEBI annual report

    August 9, 2026

    New SEBI Nomination Rules From September 1: What changes for demat, mutual fund investors; How to nominate

    August 9, 2026

    NPS gets a new edge over mutual funds: Why the old ‘pension product’ tag may no longer fit – Money News

    August 9, 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.