Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know
    • ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News
    • FASB updates fair value reporting for mutual funds
    • 5 mutual funds bag five star rating: How Invesco, HSBC, Axis and ITI funds performed
    • Why Fixed-Income Titan Pimco Says It’s Time to Buy the Dip in Bonds
    • Is your mutual fund sitting on too much cash? Experts explain what the cash level actually tells you
    • 3 Monthly Dividend ETFs to Buy Hand Over Fist Before September’s Fed Meeting
    • Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burden
    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

    Why Fixed-Income Titan Pimco Says It’s Time to Buy the Dip in Bonds

    September 9, 2026

    Amazon Enters Sterling Credit Market for First Time With New Bonds – Update

    September 9, 2026

    Bonds Generated More Investor Income Than Stocks on Central Africa’s Exchange in 2025

    September 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026

    FASB updates fair value reporting for mutual funds

    September 9, 2026

    Why Fixed-Income Titan Pimco Says It’s Time to Buy the Dip in Bonds

    September 9, 2026
    Don't Miss
    Mutual Funds

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    Mutual funds require investors to add a nominee to their account or opt out of…

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026

    FASB updates fair value reporting for mutual funds

    September 9, 2026

    5 mutual funds bag five star rating: How Invesco, HSBC, Axis and ITI funds performed

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

    Trump’s tariffs and the US Steel merger are investments in American industry

    March 16, 2025

    Unclaimed assets may soon be past, Digilocker to now store details of your shares, mutual funds

    March 31, 2025

    Bitcoin, Nasdaq, S&P 500— New NEOS ETFs Seek Income From All Three – NEOS Bitcoin High Income ETF (BATS:BTCI), NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)

    February 9, 2026
    Our Picks

    Can You Make Your Child A Nominee For Your Mutual Fund Investments? Here’s What You Need To Know

    September 10, 2026

    ‘SIP book growth may moderate in the next 1-2 years,’ Q&A with Vetri Subramaniam, MD & CEO, UTI Mutual Fund – Business News

    September 10, 2026

    FASB updates fair value reporting for mutual funds

    September 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

    🇮🇸 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.