Bond refinancing saves $135,000 for Eastern Hancock schools

CHARLOTTESVILLE — The Eastern Hancock School Corp. has about $135,000 to dedicate to school improvement projects thanks to refinancing its bonds. 

The district’s school board voted unanimously to approve refinancing a series of loans from 2007, based on the advice of its attorney, Jane Herndon, and Umbaugh and Associates, the accounting firm hired on the district’s behalf, superintendent Vicki McGuire wrote in an email. 

Small capital improvement projects include replacement of a boiler system and the eventual replacement of the district’s septic system, McGuire said.

“Neither of these projects can be done for a mere $135,000, but it will help,” McGuire wrote.

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Rorye Hatcher is a reporter at the Greenfield Daily Reporter. She can be reached at ​317-477-3211 or rhatcher@greenfieldreporter.com.