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Horry County staff outline $155.3 million FY27 capital budget and $718.6 million 10-year CIP
Summary
Planning staff presented the FY27 capital budget of $155.3 million and a 10-year capital improvement plan totaling $718.6 million, listing projects from fire and EMS facilities to parks and wetland mitigation and identifying bonds, impact fees and county funds as funding sources. The plan will be revisited at the second budget reading next week.
Horry County planning staff presented a one-year capital budget of $155,300,000 for fiscal year 2027 and a 10-year capital improvement plan (CIP) projecting $718,600,000 in expenditures, saying the program covers public safety, government facilities, infrastructure, parks and recreation, hospitality projects and ongoing life-cycle maintenance.
Jamie, the county planner presenting the CIP, said the FY27 budget "represents the 1st year of the 10 year capital improvement plan" and that the document excludes airport and RIDE projects because those programs have separate plans. She told the commission that FY27 funding would come from a mix of general obligation and hospitality bonds and other debt (about $56,800,000), intergovernmental sources including Sunday alcohol sales and a contribution from Horry Electric (just over $1,000,000), the general fund/road/stormwater funds (just over $32,000,000), impact fees ($2,800,000), and other funds such as recreation, waste management, fire and E-911 ($19,500,000).
Jamie said the 10-year projection mirrors the same set of categories and that the county expects to continue issuing debt over the decade to support facilities and services. "Over this period, facilities and services are expected to continue expanding across all of these areas, and the total projected expenditures over the 10 year period is $718,600,000," she said. She added the presentation included separate schedules showing existing and future general debt, fire debt service and bonding capacity through 2036.
The presenter emphasized this was a preliminary overview and that the plan would be revisited at the board's second budget reading next week, when changes from the budget process could alter counts or timing. The chair opened and immediately closed the public-input period on the item; no public comments on the CIP were recorded in the transcript excerpt.
Next steps: staff said they will return with more detail at the second reading of the budget next week.
