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Archive - Mar 8, 2012 - News Article

Spring in his step!

March 8, 2012

Spring is just around the corner, and it sure felt like it this week. Above, Bill Callaghan of Northborough, Mass. enjoys a walk through Lincoln Woods Wednesday. Callaghan had just dropped his wife off at Twin River casino and came to Lincoln Woods to enjoy the
beauty of the state park.

Student charged with having loaded air pistol in school

March 8, 2012

WOONSOCKET — Police locked down the high school and voc-tech Thursday afternoon following a report of a student with a handgun.
According to Det. Capt. Edward J. Lee Jr., police received information that a 17-year-old old Woonsocket High School student may have brought a handgun onto school property. The high school and vocational school were immediately placed into lockdown.

Fitch sinks city's bond rating

March 8, 2012

WOONSOCKET — Citing surging deficits driven by deficient financial controls in the School Department, Fitch Ratings knocked down the city’s bond rating four notches Wednesday from BBB- to BB-.
The move puts the city’s $117 million portfolio of general obligation bonds in junk territory on the Fitch scale for the first time. The old rating was Fitch’s lowest investment grade.
“Unfortunately, it’s not something we didn’t expect,” said Mayor Leo T. Fontaine. “Clearly the pressure from the school department’s $10 million deficit was the last straw for Fitch.”

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