The Norwin School District approved refinancing a $6.6 million debt at their recent meeting.
The Tribune-Review reports that the debt comes from a 2011 bond issue. The move will actually save the district about $300,000 over the next 11 years as interest rates are lower now than they were back when the bond issue went out.
In another cost-saving measure, the district approved combining the two assistant superintendent positions into one position. In the past, one assistant superintendent covered the elementary grades, while the other covered the secondary grade levels. The combined position will now be a K-12 assistant superintendent.
