Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Vikas Khemani-backed Carnelian Asset Management gets SEBI nod to launch mutual funds – Business News
    • Individual investors’ share in mutual fund AUM rises to 61% in June: Franklin Templeton
    • Eaton Vance mutual fund ILS allocations hit $680m. Adds Arch, PartnerRe, QBE investments
    • How to Use Crypto ETFs as Part of a Diversified Portfolio
    • Carnelian Asset Management Gets SEBI Approval for Mutual Fund Business, Enters India’s Expanding Market
    • Solana ETFs see $6M inflow, highest in two weeks, led by Bitwise fund
    • SBI FM lists with ambition to be a market leader in mutual fund industry
    • A ₹10,000 monthly SIP has grown to over ₹28 lakh in 10 years
    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

    NaBFID zero-coupon bonds explained: Investment size, returns, maturity, tax rules to know

    July 21, 2026

    Canada’s regulator adds catastrophe bonds as a form of reinsurance for capital credit

    July 21, 2026

    Bank of England to stop accepting bonds linked to coal for key loans | Bank of England

    July 18, 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

    How to Use Crypto ETFs as Part of a Diversified Portfolio

    July 22, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    Vikas Khemani-backed Carnelian Asset Management gets SEBI nod to launch mutual funds – Business News

    July 22, 2026

    Vikas Khemani-backed Carnelian Asset Management received the regulatory nod from SEBI to launch mutual fund…

    Individual investors’ share in mutual fund AUM rises to 61% in June: Franklin Templeton

    July 22, 2026

    Eaton Vance mutual fund ILS allocations hit $680m. Adds Arch, PartnerRe, QBE investments

    July 22, 2026

    How to Use Crypto ETFs as Part of a Diversified Portfolio

    July 22, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Treasuries Rise To 3-Month High—And The Election May Drive Them Up Further

    October 22, 2024

    Senegal’s Premier Applauds Türkiye’s Investments

    August 10, 2025

    gold ETFs: Price fall, tax changes make Gold ETFs attractive; more so as SGBs seen on hold

    August 19, 2024
    Our Picks

    Vikas Khemani-backed Carnelian Asset Management gets SEBI nod to launch mutual funds – Business News

    July 22, 2026

    Individual investors’ share in mutual fund AUM rises to 61% in June: Franklin Templeton

    July 22, 2026

    Eaton Vance mutual fund ILS allocations hit $680m. Adds Arch, PartnerRe, QBE investments

    July 22, 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.