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5:59 am
Tue June 28, 2011

Central Falls closes its library

PROVIDENCE, RI – The cash-strapped city of Central Falls is laying off a dozen employees and closing its library and community center.

The layoffs of 12 Central Falls employees was prompted by the continued deterioration of city finances, state receiver Robert Flanders Jr. said in a statement.

He says the library and the Ralph Holden Community Center will be shut down due to their poor physical conditions and the lack of funds to make repairs.

Flanders says he regrets the closures and layoffs but that his first obligation is to the citizens of the one-square-mile city.

Central Falls has been in receivership for more than a year. The impoverished city has an 80 million dollar pension obligation and a five million dollar deficit for next year. Its credit rating is at junk bond status because of an increasing risk of bankruptcy.

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