South Willamsport Area School Board voted in favor of a refinancing plan for capital improvement projects at its regular monthly meeting Monday night.
By taking advantage of lower interest rates, the district stands to save some $375,000, according to district officials.
Board President John Engel said the district has eight years left on the bond financing plan used for such district needs as roofing, paving and various renovations.
"We will be debt free in eight years," he said.
The board took action on a number of personnel matters.
Kendra Driscoll was hired as an elementary special education teacher at a starting salary of $40,377.
It was noted that Driscoll was among five candidates for the position.
The board hired Denise Raup as a long-term substitute at $125 per day.
Theresa Summerson was hired as head girls tennis coach and Ed Cioffi as assistant tennis coach.
Summerson will earn $1,978 annually and Cioffi $1,385 per year.
In other matters, the board:
Approved a transportation contract with Susquehanna Transit Co.
Agreed to a one-year contract with the Children's Development Center for a speech pathologist.
Agreed to meet Aug. 22.