After a 29-minute closed session, Alamance-Burlington Board of Education Chair Allison Gant announced a $220,000 settlement with Toshiba Business Solutions to end its contract with the district, without further explanation, at the board’s meeting Monday, Sept. 23.

“It was sort of one of those situations of spending money to save money,” Jeremy Teetor, ABSS Finance Director, said Wednesday.

The district saved about $915,000 over the next five years by switching to Xerox Financial Services with a year left on the Toshiba contract, Teetor said, and Toshiba originally asked for $528,000 to break the contract.  read the rest here

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