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Fort Mill board authorizes bond issues, accepts referendum results to finance schools

Fort Mill School District 4 Board of Trustees · April 10, 2024
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Summary

Fort Mill School District trustees authorized short‑term bond issues totaling up to $10.25 million and accepted certified results of a March 19 referendum that authorizes up to $204 million to fund new schools and projects; the board voted by voice on each resolution and plans to issue the $204 million in incremental series as projects require.

The Fort Mill School District 4 board voted to authorize several bond resolutions on the same night it accepted certified results of a March 19 referendum that passed 2,438–1,327 (64.75%). The board approved a short‑term authorization of up to $4,250,000 for deferred maintenance, technology and transportation projects and a separate authorization of up to $6,000,000 to cover installment purchase revenue bond payments and a scheduled equipment payment. Trustees also authorized issuance of up to $204,000,000 authorized by the referendum; administrators said that debt will be sold in increments to…

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