Monday, August 1, 2011
Locals respond to debt crisis.
As Washington worked toward a vote on a debt and spending deal Monday, a handful of men and women in Lexington Center expressed disappointment in the way the debt crisis has been handled. Locals said they were unhappy to see posturing from elected officials and that they could see the debt ceiling debate factoring into the way some voters approach the 2012 elections. As of Monday afternoon, the House and Senate both appeared headed toward a vote on a deal that would prevent the federal government from defaulting on its debt. For more details on the deal, click here.
If the U.S.'s triple-A credit rating is downgraded, Lexington's rating could come under review.
Lexington is on the list of a dozen Massachusetts communities that could see credit ratings suffer due to the debt crisis that had the federal government at an impasse leading up to the Aug. 2 deadline. As the power struggle played out among lawmakers on Capitol Hill, Moody’s Investors Service announced last week its plans to review credit ratings of U.S. municipalities and other institutions due to the potential downgrade of federal government bonds, according to an AP report on Business Week. Massachusetts municipalities slated for potential review include Lexington, Acton, Bedford, Belmont, Brookline, Concord, Dover, Hingham, Newton, Wayland, Wellesley and Weston. The Concord-Carlisle and Lincoln-Sudbury regional school districts could …
42.446449
-71.224282
Town Office Building
1625 Massachusetts Ave, Lexington, MA
/articles/debt-crisis-threatens-lexingtons-credit-rating
232594
/locations/4984339
Sunday, July 31, 2011
Panera plans confirmed, a prostitute pinched, a post office preserved and more this week in Lexington.
The Lexington Arts and Crafts Society's seventh annual artisans market and summer sale opened last weekend, and we brought you a photo gallery Monday morning. But then the news quickly changed gears as a serious car accident at Lowell and East streets hospitalized three and backed up traffic early Monday afternoon. That night, a sting operation by Lexington Police busted a two-person prostitution operation that was allegedly working out of the Quality Inn on Bedford Street. Tuesday morning's About Town column remembered Grace “Gracie” Watson, a long-time volunteer at the Visitors Center and ambassador for the town. Watson died July 21, a week after celebrating her 85th birthday. Also on Tuesday, the United States Postal Service announced …
42.446872
-71.226046
1690 Massachusetts Ave, Lexington, MA
/articles/week-in-review-july-24-to-30
/locations/4972263
42.47421
-71.248771
Quality Inn & Suites
440 Bedford St, Lexington, MA
/articles/week-in-review-july-24-to-30
188016
/locations/4972264
42.446135
-71.223039
Lexington Police Station
1575 Massachusetts Ave, Lexington, MA
/articles/week-in-review-july-24-to-30
238599
/locations/4972265
42.44844
-71.22795
Lexington Depot
13 Depot Sq, Lexington, MA
/articles/week-in-review-july-24-to-30
232183
/locations/4972266
42.448494
-71.229318
Lexington Visitors Center
1875 Massachusetts Ave, Lexington, MA
/articles/week-in-review-july-24-to-30
1394727
/locations/4972267
42.446708
-71.22556
Lexington Post Office
1661 Massachusetts Ave, Lexington, MA
/articles/week-in-review-july-24-to-30
232557
/locations/4972268
42.4491
-71.23715
Hastings Park
Mass Ave & Worthen Rd, Lexington, MA
/articles/week-in-review-july-24-to-30
1282234
/locations/4972269
42.44518
-71.22876
Lexington Arts and Crafts Society
130 Waltham St, Lexington, MA
/articles/week-in-review-july-24-to-30
1285549
/locations/4972270
Thursday, July 28, 2011
Share your opinion in the comments.
Yesterday, we brought you video of local officials weighing in on the US debt crisis and discussing the potential local impact of the looming possibility that the federal government defaulting. While Democrats and Rebublicans continue to wrestle with their attempts to settle the issue of raising the debt ceiling, officials including Lexington Town Manager Carl Valente said they do not anticipate major impacts on local municipalities, though there are areas that could be affected. So, with that in mind, we want to know, What are your thoughts on the federal government's debt crisis? Do you think the debt ceiling should be raised? What's your greatest concern for Lexington?
Beth
1:58 pm on Tuesday, August 2, 2011
I think Lexington is on the list because our taxes went up 100% in the last 10 years. It is clear that such a rate of tax increase can not be sustained and the credit rating might be lowered. Only few towns had reached 10% affordability in the state. Lexington is one of them. Is it time to stop building new affordable housing and cut our tax rate, or is it time to build 2 new affordable … more ›