Fri September 21, 2012
Gallogly targeting November 6 for mayoral election in Central Falls
State Revenue director Rosemary Booth Gallogly hope to finalize the November 6 presidential election as the date for choosing a successor to Charles Moreau. She plans to meet on the topic today with the state Board of Elections, and, she says, the date may be advertised in tomorrow’s Providence Journal.
[UPDATE 4:19 pm: Gallogly says dicussion of the topic will continue during a meeting with the Board of Elections Tuesday afternoon. She hopes to set a primary for October 23 and the general election for November 6.]
Speaking during a taping of WPRI/WNAC-TV’s Newsmakers, Gallogly said local control will be restored to Central Falls in January 2013 if the mayoral election takes place in November.
Gallogly appeared on Newsmakers with Theodore Orson, the lawyer for the receiver of Central Falls.
A few highlights from the show:
– The effective date of the plan for Central Falls’ emergence from bankruptcy is October 25, although external oversight will remain in place for five years.
– Orson acknowledged the recovery plan for the city, which includes cuts in municipal services and five years of 4 percent property tax inreases, will be painful. But he says Central Falls is better positioned for economic growth since it will have balanced budgets for five years, instead of a $6 million structural deficit and many tens of millions more in unfunded obligations to retirees.
– Gallogly says the decision whether to refinance RI taxpayers’ obligations from 38 Studios rests with the General Assembly.
– Gallogly and Orson attributed the fast pace of Central Falls’ emergence from bankruptcy to several factors, including Rhode Island’s small size and the active interest of the Chafee administration.
Tune in to Newsmakers this weekend to watch the full discussion.
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