In a heated discussion at the December 9, 2024, LexRich5 School Board meeting, Kim Murphy raised serious concerns about the district's financial practices, claiming that taxpayers have been overtaxed by a staggering $22 million over the past five years. Murphy's remarks came after a review of the annual comprehensive financial report, which revealed a year-end fund balance of $7.4 million for the previous school year. This amount, she argued, indicates that the district collected significantly more tax revenue than necessary.

Murphy pointed out that the current millage rate of 266 mills should have been adjusted to 243 mills, reflecting the excess funds collected. She emphasized that the surplus was not being used for its intended purpose—operating schools—but rather diverted to construction projects at facilities like Piney Woods and Irmo High School. "It’s disingenuous to take our money from education and use it for something else," she stated, highlighting the disconnect between tax collection and educational funding.

The discussion also touched on the district's rationale for maintaining a large fund balance, which officials claim is necessary to cover operating costs before tax revenues are received. However, Murphy suggested alternatives, such as taxpayer anticipation notes, which could allow taxpayers to retain their funds and earn interest instead of having it sit in the district's account.

As the meeting transitioned to the action agenda, the implications of Murphy's statements lingered in the air, raising questions about fiscal responsibility and transparency within the district. The board's response to these allegations and the future handling of taxpayer funds will be closely watched by the community.