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Petition sent to New Fairfield officials about school debt service savings

An online petition has been forwarded to New Fairfield officials calling for savings from school debt service go back to the schools rather than the town.  The Newstimes reports that 190 signatures were on the petition submitted to First Selectman Susan Chapman this week. 

 

$123,000 was saved by refinancing school bonds.  Officials say it's the town that gets the money because the town issued the bonds not the school system.  Plans call for the money to be used to offset the snow removal costs which were racked up in the winter. 

 

The published report says the petition organizers wanted a Town Meeting to be called to address the funding matter.  The transfer was made by the Board of Finance at a meeting in May.

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