WVAS Local News

Aug 8, 2013

Federal Postal Inspectors are appealing to the public for help in finding a gold Ford Explorer that seen in the vicinity of a robbery-shooting at the Hayneville Post Office.  The crime occurred on the afternoon of August 1st.  A postal truck driver was shot, the employee is recovering.  Law Enforcement officers with Central Alabama CrimeStoppers program and the Lowndes County Sheriff's Department are assisting in the investigation. 

Credit Rating

Moody's Investors Service has placed the city of Montgomery under review for a possible credit rating downgrade.  The Montgomery Advertiser reports that the city's current Aa2 is in jeopardy.  A recent report said the current rating is in jeopardy because of a smaller reserve fund, a deficit in funding medical insurance and the city's recent failures to achieve projections established in previous budget plans.  The report also states that reliance on a bank line of credit to fund operations is also a "key reason" for the possible downgrade. 

Revenue Hearing

The State Department of Revenue held hearings Thursday on rules governing the Alabama Accountability Act.  The session pertained to proposed rules for the scholarship portion of the law.  Individuals and businesses can get tax credits for donating to scholarships that will help students cover tuition as they transfer from failing public schools to private schools.  The proposed rules received no objections from those in attendance at the hearing.  Thursday's afternoon session focused on student eligibility for tax credits.