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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 01:51 PM
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Receiver to city: Financial ruin near
CENTRAL FALLS The citys financial problems are so profound that the only way to solve them is through a merger with Pawtucket or a regionalization of city services, the state-appointed receiver said in a report Thursday to the Carcieri administration.

Central Falls, in my judgment, cannot remain a stand-alone community as it presently is, unless the state wants to subsidize this into the future, said retired Superior Court judge Mark A. Pfeiffer, the man appointed by the state Department of Administration in July to run the city, with elected government officials in advisory roles, after those officials had earlier declared the city insolvent.

Even a merger with Pawtucket accompanied by some level of added state financial support wouldnt be a complete fix for Central Falls budget, Pfeiffer said. The underlying, built-in problems in the citys finances with sizable operating budget deficits projected well into the future require significantly changing how municipal employee contracts and retirement benefits are handled under state law, he said.

He said state action is needed to avert fiscal collapse in Central Falls.

Officials in Pawtucket and Central Falls Thursday were uncomfortable even discussing annexation, particularly without knowing the details of how it might work.

Read more: http://www.projo.com/news/content/CF_REPORT_12-17-10_O6...
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:00 PM
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1. it's a tiny city of absentee slumlords & poor renters. duh.
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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:09 PM
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2. Why don't they just fire all the public school teachers?
Oh, right. Been there, done that, got the T-shirt. :eyes:
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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-17-10 02:14 PM
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3. !


Rhode Island?
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