July 9, 2025

Charleston County School District Secures $49.3 Million Bond Sale

News Summary

The Charleston County School District has successfully sold approximately $49.3 million in general obligation bonds to fund construction costs for four school projects in North Charleston. Superintendent Anita Huggins stated that the bond sale reflects a commitment to equitable education and improving infrastructure. The bonds were issued at a competitive interest rate of 3.07%, significantly lower than market rates. Leah Whatley, chair of the Audit and Finance Committee, emphasized the bond sale’s importance for the community and the district’s educational goals, aiming for upgraded school facilities for all students.

Charleston, SC — The Charleston County School District has successfully sold approximately $49.3 million in general obligation bonds. This funding is designated for the remaining construction costs associated with four school projects located in North Charleston. The bond issuance is part of a broader initiative aimed at improving educational infrastructure within the district.

Superintendent Anita Huggins has emphasized that this bond sale is not only a financial maneuver but also a commitment to equity and excellence in education. The intention is to provide every student with a safe, welcoming, and high-quality learning environment. This funding will enable necessary upgrades and improvements to school facilities which have been prioritized in recent years.

The bonds were issued at a competitive interest rate of 3.07%, which is significantly lower than the current market rate of 3.35% for AAA-rated bonds at the time of the sale. This rate represents a remarkable 56% decrease from the interest rate on the district’s initial bond issuance in this financing series. This strategic move demonstrates the district’s effective planning and management of its financial resources.

Leah Whatley, a board member and chair of the Audit and Finance Committee, described the bond issuance as a pivotal advancement for both the district and the surrounding community. The favorable interest rate is indicative of the careful financial planning and collaborative efforts to meet the educational needs of students. The bond proceeds will allow the Charleston County School District to enhance its school infrastructure while upholding a commitment to fiscal responsibility.

This bond sale forms part of a multi-phase capital financing plan that was approved in 2023. The careful planning involved is aimed at ensuring that all financial actions taken by the district align with its broader educational mission while also addressing immediate infrastructural needs.

The four school projects in North Charleston, which are set to benefit from these funds, have been identified as critical for advancing the district’s goals in delivering high-quality education. By upgrading and expanding school facilities, the district aims to create an environment conducive to learning and development for all students.

In summary, the Charleston County School District’s issuance of $49.3 million in general obligation bonds is a significant step towards reinforcing the educational framework in North Charleston. With a low interest rate and a focus on long-term benefits for students, the district is poised to advance its infrastructure goals while maintaining financial integrity.

The District remains dedicated to ensuring that all students can thrive in an environment that fosters growth, learning, and achievement. As funding continues to flow into these critical projects, community stakeholders can look forward to seeing enhanced educational facilities that ultimately aim to serve the needs of the students and families they support.

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Author: STAFF HERE CHARLESTON

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