Parkland administrator credits careful planning and the looming fiscal cliff for the Nov. 28 bond refinancing projected to save the district almost $1.3 million.
Parkland school directors got an early Christmas gift Tuesday night when Director of Business Administration John Vignone announced the district will save $1,281,950 over the next several budget years due to a well-timed refinancing of their 2007 series bonds. Directors gave the go ahead to refinance in October - setting a minimum savings threshold of $500,000. Over the past 14 months, the district has refinanced three bonds for a total savings of more than $3.3 million. Vignone said their most recent success was due in part to Parkland's favorable credit rating and the looming fiscal cliff. "We’ve heard it over and over the past few weeks that it's because of the fiscal cliff," Vignone said. "Municipal bonds are some of the safest …
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During Parkland School Board's reorganization meeting, directors re-elect Jayne Bartlett as president; Roberta Marcus will be the new vice president.
Showing their confidence in Jayne Bartlett's leadership skills, Parkland School Board directors voted unanimously to re-elect Bartlett for another term as president. Vice President Robert Cohen stepped down, and Roberta Marcus, who recently received the Timothy M. Allwein Advocacy Award from the Pennsylvania School Boards Association, was elected vice president. Mark Hanichak was the only director who didn't vote for Marcus. Having nominated himself for the position, he voted for himself. "Thanks to Rob Cohen for his service as vice president. He provided the best and most wise advice," Bartlett said. "We are here for our students so let's get to work for them because they are counting on us." Bartlett resides in Upper Macungie, and …
mark wood
1:17 pm on Wednesday, December 5, 2012
All plans of government who suppose great reformation in the manners of mankind are plainly imaginary, just like your so called savings. more ›