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Fort Mill School District Bond Referendum Information

graduate holding hat and diploma

At the December 5, 2023 School Board Meeting, the Fort Mill School District Board of Trustees voted to adopt the resolution to authorize a bond referendum.

The resolution includes a maximum of $204 million in general obligation bonds to fund:

  • New Middle School
  • Early Childhood Development Center
    • Clear Springs Land Company LLC - Land Donation of 34 Acres. Approximately ($3-5M) in Savings
  • Land Acquisition
  • 5 Year Technology Needs
  • Large Renovation Projects to Existing Facilities

The bond referendum was approved to address the continued student population growth in the district and the positive academic impact of early childhood services on educational outcomes.

Elementary School Number #12 (Currently under construction) is not included in this referendum as it is being funded by impact fees generating an estimated $67 million dollars in savings to tax payers.

The referendum will be held on March 19, 2024.

Student Enrollment

The district has experienced rapid growth for more than a decade. The chart below shows the student population growth over the last 25 years. Total student population served by the district has more than tripled in size during that time period.

The chart below shows the student population growth over the last 25 years. Total student population served by the district h

 

Financial Impact Following the 2018 Bond Referendum

This chart shows the financial impact in the form of debt millage following the passage of the 2018 Bond Referendum.

This chart shows the financial impact in the form of debt millage following the passage of the 2018 Bond Referendum.

 

As shown in the chart above, the current school district debt millage is set at 74mils. Should the bond pass, the maximum possible millage impact to tax payers would be an additional 15mils. The district utilizes a staggered bond funding model to spread out the impact of the mil increase over time. The total millage impact could also be lowered by several factors including continued impact fee collection, bond refinancing, and increased assessed value.

Using the maximum 15mils, the tax increase on a $400,000 home would be $240 annually. That is a 20% increase in the school district’s portion of the tax bill. For example: A home in York County, the Fort Mill School District and Town of Fort Mill would see a 6% total increase in the overall tax bill with no other adjustments.