Washington Post article Food Stamps Put RI Town on Monthly Boom and Bust CycleDespite Concessions, Woonsocket's Pension is Forecast to Run Dry (Valley Breeze, the local newspaper to read for Woonsocket stuff)Appeal Period Expires on Supplemental Tax Suit (Valley Breeze)The last one is particularly relevant because the "supplemental tax" is a special extra tax bill Woonsocket sent out to property owners a few years ago, basically because they couldn't meet their expenses with property taxes alone.I like the general concept of investing where few others are, however I also give huge consideration to the fiscal stability of a city or town and how responsible its leadership appears to be.The latter is mainly because, if spending outweighs income a municipality can do one of two things: 1) reduce spending, 2) increase income (i.e., raise taxes).

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