The federal departments of Treasury and Education have announced an $11 billion bond allocation to build schools and create jobs. The funding from a Recovery Act program will go toward school construction and acquisition of land in the Upstate and Lowcountry.
South Carolina will receive $129 million and two school districts will benefit through a statutory formula. Charleston County will receive $15 million and Greenville County will receive $14.3 million. With construction and rehabilitation of state schools, the projects are touted to also create jobs.
In a statement, U.S. Education Deputy Secretary Tony Miller says “The Recovery Act is keeping teachers in the classroom and through the construction bond program, making lasting investments in the quality of our schools. Our kids deserve no less.”