Refinancing bonds could save $350K for Baldwin-Whitehall
By Stephanie Hacke
Published: Wednesday, Nov. 20, 2013, 9:00 p.m.
The refinancing of nearly $10 million in bonds, issued in 2007, could help to save more than $350,000 for the Baldwin-Whitehall School District this school year.
Board members last week, in a unanimous vote at their Nov. 13 meeting, approved the refinancing, presented by Public Financial Management representative Jamie Doyle.
The savings of a portion of the 2007 series bond will bring in about $362,000 to the district in the 2013-14 school year, business manager Mark Cherpak said.
Another bond refinancing is planned for December 2014 for another portion of the 2007 bonds that will result in an additional savings of about $310,000 to the district, Cherpak said. The refinancing of 2009 bonds in August 2014 also is projected to save the district about $353,000, he said.
Police chiefs, parents and school officials will work together to solve traffic issues in the Baldwin-Whitehall School District.
School board members last week in a unanimous vote approved members for a committee.
The committee will include Whitehall police Deputy Chief Richard Danko, Baldwin High School Principal Walter Graves, Baldwin Borough police Chief Michael Scott, athletic director Vincent Sortino, facilities director Paul Svirbel, transportation manager Ken Pokorny, board member Larry Pantuso and several parents.
A group of students, parents, alumni and community members are sought to help prepare for the Baldwin-Whitehall School District's diamond anniversary next year.
As the district turns 75 years old in 2014, district officials plan to work with stakeholders to prepare an event to recognize this occasion, Superintendent Randal Lutz said.
School board members approved the formation of a committee to help with the anniversary plans.
Stephanie Hacke is a staff writer for Trib Total Media. She can be reached at 412-388-5818 or email@example.com.
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