Thursday, March 6 2014 4:53 PM EST2014-03-06 21:53:44 GMT
Steve and Annette Economides, otherwise known as America's Cheapest Family, gives people ways to save money in just about every aspect of life. The Economides said that on average a family of our spendsMore >>
Steve and Annette Economides, otherwise known as America's Cheapest Family, give people ways to save money in just about every aspect of life.More >>
City Schools are making some changes to their buildings that could save them
hundreds of thousands of dollars a year.
district has been approved to implement a House Bill 264 project, also known as
an energy conservation project.
we'll do is we'll go through all of our buildings and we'll make infrastructure
upgrades for things like lighting, HVAC improvements, so electrical, plumbing,
all of those types of things," explained Laura Sauber, treasurer and chief
financial officer for the district.
are 14 buildings in the district, and while most people won't see many physical
changes, the savings will be noticed.
about $500,000 a year that we're anticipating to have in energy savings,"
Sauber said. "That will pay for the bonds that we have to pay back over a
says the district is selling over $5.4 million in notes to receive the bond
money. The bond will be paid back with the energy savings.
project is something the district has wanted to do, but they didn't want to go
to the taxpayers for it. By paying for the bonds with energy savings, they don't
the systems we have, you know, things age and we look for way to finance things
other than having to go back to the taxpayers for things like this," Sauber
said. "This is kind of a well-known program throughout the state that districts
can put together plans to do these energy conservation programs."