Boone Township schools approve debt restructuring

2013-07-10T20:00:00Z Boone Township schools approve debt restructuringSusan O'Leary Times Correspondent nwitimes.com
July 10, 2013 8:00 pm  • 

HEBRON | The Boone Township School Board approved a plan to restructure the district’s debt after a public hearing Tuesday yielded no comments or objections.

Superintendent George Letz explained to the small audience why the district chose the debt restructure after years of reduced funding from the state legislature and a defeated property tax hike referendum this past spring.

"This is part of the $25 million it took to build the high school," Letz said. "We can restructure to get a better interest rate to help us save money and provide money to counteract the money we’re losing to the circuit breaker in the funds that are tax-supported."

Letz said the district lost $470,000 to the property tax cap.

"It is very important that we do this," Letz said. "It is really a tremendous savings."

Kristy Stephens and Mike McLindon, members of the district’s Technology Integration Leadership Team, reported on the 1:1 Initiative to provide all students with a computing device.

Stephens said TILT has researched and planned for the devices in the classroom. To start, the group will provide eighth graders with a device and in later years move toward full implementation at all grade levels.

Stephens and McLindon said the committee hopes to begin the plan in August at the start of the 2013-14 school year.

The pair said the group has implemented teacher training and development and is investigating costs of the devices and insurance. They hope to incorporate those costs into current textbook and technology fees, Stephens said.

Letz said visiting with other area schools already using the technology has been invaluable.

"The whole reason we’re doing this is not because everyone else is doing it," Letz said. "I don’t have to tell any of you who have teenage kids….they are just constantly on these devices."

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