Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • In Investing, Complexity Is Not Always Sophistication: The Case for Flexicap Funds
    • SBI Funds Management IPO: Will investors see listing pop? GMP offers clues | Markets News
    • Bitcoin ETFs attract $273 million after 8 weeks of outflows: Here’s what it means for investors
    • SIP Calculator: Is It Possible To Become Crorepati With Rs 50,000 Monthly Income? | Savings and Investments News
    • Where is the fastest growth ahead for ETFs in RIA client portfolios?
    • Bitcoin ETFs log second week of inflows, breaking two-month rout
    • Utility ETFs Soar 8% YTD on AI Power Demand. Here’s Which One to Buy
    • Average active small-cap fund delivered 20.1% CAGR, with 16 percentage points lower drawdown than the benchmark
    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

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

    July 18, 2026

    Bank of England bans coal-linked bonds as collateral for key loans starting October

    July 18, 2026

    Foreign inflows in Asian bonds surge to seven-month high in June

    July 17, 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

    Where is the fastest growth ahead for ETFs in RIA client portfolios?

    July 19, 2026

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    In Investing, Complexity Is Not Always Sophistication: The Case for Flexicap Funds

    July 20, 2026

    Author: Devesh Jain, CEO of PMPK Wealth Private Limited When investors begin their mutual fund journey,…

    SBI Funds Management IPO: Will investors see listing pop? GMP offers clues | Markets News

    July 20, 2026

    Bitcoin ETFs attract $273 million after 8 weeks of outflows: Here’s what it means for investors

    July 20, 2026

    SIP Calculator: Is It Possible To Become Crorepati With Rs 50,000 Monthly Income? | Savings and Investments News

    July 20, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Investors Dump Equity ETFs—But Can’t Quit Their Tech Habit – Apple (NASDAQ:AAPL), Broadcom (NASDAQ:AVGO)

    September 16, 2025

    Solana, Cardano, Litecoin, Sui ETFs Delay Wipe Out Institutional Interest: CoinShares

    October 27, 2025

    3 Balanced Mutual Funds Poised for Strong Performance

    November 12, 2025
    Our Picks

    In Investing, Complexity Is Not Always Sophistication: The Case for Flexicap Funds

    July 20, 2026

    SBI Funds Management IPO: Will investors see listing pop? GMP offers clues | Markets News

    July 20, 2026

    Bitcoin ETFs attract $273 million after 8 weeks of outflows: Here’s what it means for investors

    July 20, 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.