By Amanda Foust
During last week’s Carmel Clay Schools Board of Trustees meeting the following items were discussed:
What happened: Discussion asking to advertise for a public hearing concerning the 2015 budgets, the three-year capital projects fund plan and the 12-year bus replacement plan.
What it means: This is authorization for a public hearing in order to receive public discussion and feedback. Board requested to ask questions at the public hearing as well.
What’s next: This was approved and the public hearing will be on Oct. 13.
What happened: The Board of School Trustees recommended the approval of refinancing the First Mortgage Refunding Bonds, Series 2005.
What it means: There are only three and a half years left to pay these bonds, which decreases the current interest level from 4.78 percent down to .44 percent, saving the tax payer $518,000 if refinancing is approved. The goal is to save tax payers money and not to spend the saved bond money elsewhere. It is important to finalize the approval quickly because the decision needs to be made by Oct. 10.
What’s next: Approved and no further action needed.
