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Connellsville Area School District may refinance bonds in effort to save $200,000

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Tuesday, March 11, 2014, 2:06 a.m.
 

The Connellsville Area School District plans to refinance bonds with the expectation of saving more than $200,000.

The school board voted during its planning meeting Monday night to place on Wednesday's agenda the issue to refinance general bonds.

School Board President Paul Means said the board will hear from Lisa Chiesa from Clark Hill/Thorp Reed, the district's bond manager, concerning the refinancing of the bonds.

While no further information concerning bonds was available on Monday, Means said they're expecting more than $200,000 in savings from the refinanced bonds.

Means said the board will likely vote to instruct Chiesa to refinance the bonds when the market will have the best rate, which could be sometime before April's school board meeting.

Also on Wednesday, the board will vote on a motion to direct the district's superintendent and administration team to study staffing needs based upon instructional program requirements and student enrollment.

The study is something the district does annually as part of the public school code concerning whether any professional employee position should be maintained, added, reduced or eliminated for 2014-15.

The team will make its recommendations to the board during the April and May meetings.

In other business, the board voted to place on Wednesday's agenda:

• Request to approve the operation of summer food programs at the junior high and the following elementary schools: Bullskin Township, Dunbar Township, South Side and Springfield Township.

• Request to approve Tiffany Riggin, Kahla Daniels, Megan Newcomer and Amanda Pershing, career and technical staff, and about 35 students to participate in SkillsUSA state competition in Hershey from April 9 to 11 at an approximate cost of $17,500.

Mark Hofmann is a staff writer with Trib Total Media. He can be reached at 724-626-3539 or mhofmann@tribweb.com.

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