Winchester Voters Approve Loan To Fund Schools

WINCHESTER, Conn. (AP) — Voters in Winchester have approved a referendum to authorize a $2 million bank loan to keep public school open past December after an audit revealed that a former finance director had stolen more than $2 million from town coffers.

The referendum on Saturday passed, 931-243. Board of selectmen member Althea Candy Perez says that will allow the town to take a low-interest loan from Bank of America to cover school operations until the town receives a $4 million Education Cost Sharing Grant from the state at the end of April or early May.

About 6,800 residents were eligible to vote.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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