Lexington District Three voters approve bond referendum questions, approve borrowing for renovations
Batesburg-Leesville, SC (Paul Kirby) - The voters of Lexington County School District Three approved both questions on their ballots regarding borrowing by issuing bonds to renovate and improve the district’s schools. District 3 includes the schools of the Batesburg-Leesville area.
Both questions on the ballot regarded issuing bonds in order to renovate and improve several of the schools in the district. The questions were as follows:
Question One – This question asked voters to allow Lexington County School District Three to borrow up to $50 million dollars through general obligation bonds to fund renovations at B-L Primary, B-L Elementary and B-L High Schools. This question passed. Residents and business owners should not see a millage or tax increase on any of their upcoming tax bills for Debt Service. Debt Service is a line item on tax bills and can be seen in the itemized column.
Question Two – This question was only applicable if the first question was approved as it was Tuesday. That question’s approval will now allow Lexington County School District Three to borrow an additional $15 million dollars in general obligation bonds to finance the costs of constructing and equipping a new media center at B-L Primary School and a new competition gym at B-L High School. For the district to borrow those additional funds, voters had to approve both question #1 and #2 as they did Tuesday. The questions could not be split because they relied on each other.
The improvements passed by voters during the General Election does affect the portion of property taxes homeowners pay called Debt Service. Debt Service money is used to repay debt for capital projects like building or renovating schools.
The district will now have to issue the bonds before any construction can begin. That usually happens very quickly, and construction will probably begin sometime in 2021.