Fort Mill administration proposes roughly $234 million budget, cites state funding shift and up to 21.9‑mill local option

The Fort Mill School District administration presented a proposed general fund budget for fiscal 2024–25 of about $234 million and said changes in the stateeducation funding formula mean the district will rely more heavily on local tax revenue.

At a board meeting where the presentation served as a first reading, the administration said primary revenue sources for the general fund are local taxes, state education funding and a small federal share. The districtprojection presented by the administration showed roughly 57.2 percent local revenue, 42.7 percent state revenue and a minimal federal share. The slides presented illustrated a maximum illustrative millage scenario of a 21.9‑mill increase under ACT 388 calculations (a combined CPI and population adjustment of about 8.25 percent), which the administration noted would be a policy decision for the board to consider.

Administration spokesperson Miss Lordo described the budget as balanced and…