History of Bond Referenda
Rock Hill Schools has maintained a fixed debt service millage rate for the past 10 years. The last voter approved bond referendum was May 2015. Financing the recommended projects in the Master Plan extends beyond the Board of Trustees’ authorized 8% debt limit capacity. Fully funding the recommended projects in the Master Plan will require a carefully designed, innovative bond financing strategy along with a bond referendum to be approved by a majority vote of the qualified electors. The March 31, 2020, bond referendum would finance up to $294.8 million to fund projects included in the district's ONE Plan.
Rock Hill Schools’ current facilities and equipment improvements have been the result of consistent long-range planning over the last 23 years, including the following referendum based building programs:
A $40 million bond referendum for the construction of additional space at all levels and rezoning of elementary schools to meet rapid enrollment growth.
An $80 million bond referendum for the construction of a central child development center, an elementary school, a middle school and a high school from 2002-2005 to meet continued growth, as well as roofing replacement at 16 district facilities.
A $92 million bond referendum for the construction, furnishing and equipping of two new elementary schools and a new middle school, the expansion and renovation of several existing elementary schools, the purchase of land for additional facilities and various major repair projects at existing school facilities.
A $110 million bond referendum to provide safety and energy efficiency upgrades for all facilities, repairs and replacements of critical building components, upgrades to building systems, furnishings and equipment, replacement of our oldest activity buses and service vehicles, renovations and additions to existing facilities, and the construction, furnishing and equipping of a new elementary school.
March 31, 2020 (proposed):
A $294.8 million bond referendum to provide safety, security & costs savings, renovation, modernization or replacement of existing facilities & equipment and arts, athletics & wellness.
Financial resources to fund the first five years of the ONE Plan would be generated through the sale of general obligation bonds by means of a bond referendum approved by a majority vote of the qualified electors. Article X, Section 15 of the South Carolina Constitution, allows school districts to incur general obligation debt in such a manner and upon such terms and conditions as the General Assembly has prescribed by law.