Horry County School Capital Improvement Sales Tax Needs Renewal

HORRY COUNTY, SC (WMBF) — In 2008, Horry County voters approved the school capital improvement sales tax.

For nearly 15 years, $953.6 million has been levied on the 1% sales tax, which expires in March 2024.

Capital improvement funds are split between Horry County schools receiving 80%, Coastal Carolina University receiving 13.3%, and Horry-Georgetown Technical College receiving 6.7% of revenue.

When voters go to the polls, they will have the choice of renewing the sales taxes for another 15 years or letting them expire in 2024 by voting yes or no on their ballot.

The 1% sales tax has since reduced the mile levied on behalf of the school district for debt service from 28 to 10 mills, provided a revenue stream to help pay for growth, and enabled greater collaboration to educational programs between Horry County Schools, Coastal Carolina University and Horry-Georgetown Technical College.

If not renewed, property taxes will likely increase to help fund future capital improvement projects.

Horry County Schools is one of South Carolina’s fastest growing school districts with over 46,000 students enrolled.

Coastal Carolina University and HGTC are also seeing record growth, with HGTC hitting an enrollment record for the 2022-2023 school year with more than 8,250 students.

The ballot question is long but can be previewed in advance by requesting a sample ballot on scvotes.gov.

Based on historical collections, the penny sales tax is expected to generate nearly $2 billion over the next 15 years to 2039.

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