SD 202 Board Refunds Building Bonds to Save $2.3 Million
Board also plans to buy $2 million in new computers, welcomes new hires
The Plainfield School District 202 board on Monday approved refunding several bonds to take advantage of lower interest rates. The board approved issuing $16.7 million in bonds to refinance 2003 and 2004 building bonds, and is anticipating saving about $1.5 million over the next 10 years due to lower interest rates. The board also approved refunding debt certificates that once bought 195 acres of land for Plainfield East High School, John F. Kennedy Middle School and Eichelberger Elementary School to save about $800,000. Altogether, the district is anticipating saving up to $2.3 million, district officials said. Technology update In other news, the district is planning to buy about $2 million in computers to replace those that are aging. …
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Eric
9:36 am on Monday, June 18, 2012
This was part of a restructuring of adminstrative positions that in the end cut three administtive positions. The support was coming for another postiion that was cut. more ›