Legal Notice of 06-16-2026 Public Hearing Regarding Lexington District One's 2026–27 General Fund Operating Budget The Lexington County School District One Board of Trustees will hold a public hearing to present the third reading of the district's 2026–27 General Fund operating budget and to gather public input. On Tuesday, June 16, 2026, the public hearing will take place at 5 p.m. in the Auditorium of Building One of Central Services, located at 100 Tarrar Springs Road in Lexington, South Carolina. Last year, fiscal year 2025–26, the district's General Fund amended operating budget was $401,392,479. The fiscal year 2026–27 proposed General Fund operating budget for the district totals $420,584,111. This encompasses a combination of $410,927,845 generated from revenue sources and $9,656,266 drawn from the fund balance. The $420,584,111 in estimated operating expenditures for 2026–27 represents about a 4.78% or $19,191,632 increase over last year. It consists of about 87% for salaries and related costs, 9% for programs and services, and 4% for utilities and maintenance. The district's 2026–27 General Fund operating budget is supported, in part, by revenue generated from school operating millage (shown on tax bills as "School 1 Operation"). However, homeowners do not pay taxes for school operating millage on their homes due to a law called Act 388, passed in 2006. Act 388 eliminated school operations property taxes in their entirety for all owner occupied residential property. Since then, revenue from one cent of the statewide sales tax partially reimburses Lexington One School District for the remaining property tax relief (shown on tax bills as "School Tax Credit"). In this budget, the district is requesting an increase in operating millage for fiscal year 2026–27. Operating millage will be increased by no more than 26.5 mills, bringing the total from 303.2 to no more than 329.7 mills, estimated to generate $142,053,460. The district is requesting a decrease in debt service millage (shown on tax bills as "School 1 Bonds"). Debt service millage will be reduced by 11.8 mills, bringing the total from 90 to 78.2 mills. Because of the one-cent sales tax generated by the Lexington County School District Property Tax Relief Act, a portion of that 78.2 mills for school bonds is also offset by a tax credit. With the reduction in millage and the tax credit, a Lexington One resident with an owner-occupied home valued at $100,000 will see a decrease of what they pay from about $127 to approximately $80 a year in school taxes on that home. IPL0343491 May 31,Jun 7 2026