Financial Developments in Horry County

News Summary

Horry County has passed the first reading of its Fiscal Year 2025 budget, prioritizing essential services without increasing taxes. The budget discussions included a potential Local Option Sales Tax to aid in property tax relief. Additionally, Horry County Schools is considering a proposal to raise minimum starting salaries for teachers, reflecting a commitment to invest in education. With a comprehensive budget plan due soon, community members look forward to improvements, including discussions on safety during prom season and new educational initiatives.

Exciting Financial Developments in Horry County!

Horry County is buzzing with news! The County Council has just passed the first reading of its Fiscal Year 2025 budget. What’s the big deal? Well, this budget is all about maintaining the essential services that make our community great without asking residents to fork over more in taxes or fees. How refreshing is that?

This significant step took place during the recent FY 2026 Spring Budget Planning Retreat held on April 10, 2025. This event follows the Fall Budget Planning Retreat that happened back in December 2024, where council members and staff came together to discuss everything from the county’s financial standing to innovative ideas for improving services for all.

What’s on the Table?

During these discussions, council members even tossed around the idea of a Local Option Sales Tax for future years. This could be an exciting prospect as it might primarily target tourists and visitors, providing a chance for residents to see a rollback in property taxes! Imagine that—a potential break for the hard-working folks who call Horry County home.

The second reading of this budget is set for May 6, 2025. Fingers crossed it keeps moving along smoothly! If all goes well, this new budget will take effect starting July 1, 2025.

Attention Teachers!

Horry County Schools (HCS), where Superintendent Clifford Jones has sketched out a plan that could bring some good news to educators. The proposal aims to raise the minimum starting salary for teachers to $52,015 for those with a bachelor’s degree. That’s quite the jump from the previous figure of $48,275, and it’s exactly the kind of boost that many have been clamoring for!

This plan aligns with efforts from South Carolina Governor Henry McMaster, who has been advocating for increased minimum salaries for our devoted teachers. What’s more, if the proposal gains approval, HCS staff could also receive a 2% cost-of-living increase along with additional STEP increases for eligible individuals. Those who miss out on a STEP increase would still benefit from a 1.6% rise. Everyone loves a little extra cash in their pocket!

Funding the Future

$27.8 million. But that’s not all! Additional staffing adjustments to accommodate two new elementary schools and special education roles brings the total to around $8.3 million more. It’s encouraging to see the investment in education!

$645 million in revenue for the upcoming fiscal year but notes that projected spending is around $678 million. This means a $32.6 million shortfall, which will be covered by the Fund Balance. It’s worth noting that the expected usage will be less than the previous year, so that’s some good news as well.

The Timeline Ahead

Prom Safety and New Initiatives

electricity major at the Academy for Technology and Academics, slated for launch in the 2026-27 school year. Talk about looking ahead!

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Additional Resources

• WMBF News: Horry County Officials Vote to Approve No Tax Fee Increase for Fiscal Year 2026 Budget
• My Horry News: Horry County Schools Leaders Push for Higher Teacher Salaries
• WPDE: Horry County School Board Reviews Superintendent’s Budget Proposals
• Wikipedia: Horry County, South Carolina
• Encyclopedia Britannica: South Carolina

Author: HERE Myrtle Beach