What's News Today: May 3, 2016

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(WSLS 10) - The Town of Vinton looks to save money by refinancing some of its debt. Town Council will get an update on the progress of issuing new bonds totaling about $2.5 million. The new bonds will have an interest rate of just over two percent, which is lower than the current five percent rate the town pays. Over the next decade, the town expects to save around $270 thousand.

The step-mother of Nicole Lovell will be in court today in Wythe County for a bond hearing. Terri Lovell was arrested last week after police say she and her husband, David, attacked each other. They both are charged with unlawful wounding. David Lovell was granted $10,000 secured bond.

The Campbell County Board of Supervisors holds a public hearing tonight about the county's budget for next year. The proposed budget includes a two percent salary increase for Constitutional Officers and Social Services, six new EMT Technicians and reinstates funding for the Town of Brookneal.

The Chick-fil-a Peach Bowl Challenge kicks off today. The competition features NCAA head coaches and former athletes and celebrities from the school competing against rivals in a golf tournament for a share of more than a half million dollars in scholarships. Frank Beamer and Cam Young will represent Virginia Tech. Beamer and Dell Curry won the challenge in 2007.

Congressman Robert Hurt travels to Lynchburg today as part of Local First Responders Appreciation Week. He will meet with first responders at the Lyn-Dan Heights Volunteer Fire Department. He will also make a stop today in Lunenburg County.