By KELLY BURHOP
N-O-W School District superintendent
During the 2013-14 school year, the Norwalk-Ontario-Wilton School District had a rare opportunity due to sequestration by the federal government to refinance $3,190,000 in Build America Bonds used to finance the 2010 construction and renovation project. In doing so, the N-O-W Board of Education moved to use $500,000 of its Fund 10 balance to pay down on the principal of the Build America Bonds.
The result is that the school district increased its shared costs as reported to the