Winchester residents approve plan to save schools - WFSB 3 Connecticut

Winchester residents approve plan to save schools

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Winchester, CT (WFSB/AP) -

Residents in Winchester have approved a plan for a $2 million loan from Bank of America to keep schools open.

In today's referendum vote, 931 residents voted to approve the plan, while 243 voted against it.

Today's referendum comes after an audit revealed that former finance director Henry Centrella allegedly embezzled millions of dollars from the town.

The low-interest loan will come from Bank of America. Town officials said the bank made a verbal agreement to loan the funds.

The loan will cover school operations until the town receives a grant from the state next spring.

Copyright 2013 WFSB (Meredith Corporation). The Associated Press contributed to this report. All rights reserved.

 

 

 

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