One of the major decisions made during the July 18 St. Croix Central Board of Education regular meeting was to change insurance providers for the district’s life insurance policy for eligible employees. “We went from paying $45,000 for the district’s portion of the policy to paying $17,000,” said superintendent Tim Widiker. “One of the downsides of the savings we are getting is that retirees will no longer have their annual premiums paid like we have done in the past. Now they will need to work out paying that fee themselves with the insurance company.”The life insurance policy for the district is now held by Unum. Widiker said that JA Counter of New Richmond helped the district broker the deal for the new life insurance policy. Along with its decision to change life insurance companies, the district also chose to go with a state trust fund loan as its prefered way to finance its $2 million energy efficiency projects. The terms of the loan are four years at 2.5 percent.

“We went with the state trust fund loan because there are no fees and it is cheaper in the long run,” Widiker said. “There is also no penalty should we want to pay back the amount early. It just gives us a lot more flexibility than bonding would in this case.”Widiker also said that the board heard updates on the summer projects for buildings and grounds, which also included the news that the district office would be done in two weeks time. The staff is planning on moving to the new district office location at the end of August. “It has been an incredibly busy summer for our maintenance staff and custodians with all the clean up after the construction that has been going on,” Widiker said. “They’ve done a great job.”The district’s annual meeting will be held on Monday, July 25, starting with a budget hearing at 7 p.m. with the annual meeting starting immediately following the hearing. The meeting will beheld in the SCC Middle School library.One of the major decisions made during the July 18 St. Croix Central Board of Education regular meeting was to change insurance providers for the district’s life insurance policy for eligible employees. “We went from paying $45,000 for the district’s portion of the policy to paying $17,000,” said superintendent Tim Widiker. “One of the downsides of the savings we are getting is that retirees will no longer have their annual premiums paid like we have done in the past. Now they will need to work out paying that fee themselves with the insurance company.”The life insurance policy for the district is now held by Unum. Widiker said that JA Counter of New Richmond helped the district broker the deal for the new life insurance policy. Along with its decision to change life insurance companies, the district also chose to go with a state trust fund loan as its prefered way to finance its $2 million energy efficiency projects. The terms of the loan are four years at 2.5 percent.

“We went with the state trust fund loan because there are no fees and it is cheaper in the long run,” Widiker said. “There is also no penalty should we want to pay back the amount early. It just gives us a lot more flexibility than bonding would in this case.”Widiker also said that the board heard updates on the summer projects for buildings and grounds, which also included the news that the district office would be done in two weeks time. The staff is planning on moving to the new district office location at the end of August. “It has been an incredibly busy summer for our maintenance staff and custodians with all the clean up after the construction that has been going on,” Widiker said. “They’ve done a great job.”The district’s annual meeting will be held on Monday, July 25, starting with a budget hearing at 7 p.m. with the annual meeting starting immediately following the hearing. The meeting will beheld in the SCC Middle School library.

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