bankruptcy

RI News
10:56 am
Thu June 19, 2014

No Criminal Charges To Be Filed Against The Central Coventry Fire District

The Rhode Island State Police and the Attorney General have concluded their investigation into beleaguered Central Coventry fire district.  There are no pending criminal charges.

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Economy
8:29 am
Fri May 23, 2014

West Warwick Residents Approve Critical Budget

West Warwick has been teetering on the edge of financial ruin for several years.
Credit Wikimedia Commons

Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis.  The move is a early step for the town's path to fiscal stability.

The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.

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RI News
4:19 pm
Mon August 5, 2013

Central Falls Paving 16 Roads, Funds Not Earmarked in Bankruptcy Budget

The City of Central Falls plans to repair and pave 16 roads. Mayor James Diossa said the Pawtucket Water Supply Board is ripping up the roads to make repairs to water mains. Instead of just patching the roads back together, the city will completely repave them.

“Pawtucket Water Supply opens up the roads and they were willing to grid the roads and leave it to the point where we just have to cover it with asphalt,” said Diossa, “so that’s why it’s very, very cheap for 16 roads.”

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RI News
2:32 pm
Tue February 12, 2013

Former Central Falls mayor sentenced to 2 years in prison

Former Central Falls Mayor Charles Moreau on his way to getting sentenced to two years in prison
Credit Flo Jonic / RIPR

Former Central Falls Mayor Charles Moreau has been sentenced to two years in prison and ordered to pay a $25,000 fine for accepting gifts from a man who received lucrative city contracts.  Moreau will leave behind a wife and two young sons when he reports to prison March 4th.

Charles Moreau’s hands trembled as Judge Jack McConnell handed down his sentence: 24 months in a federal prison, followed by three years of supervised release and a hefty fine.  

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RI News
3:09 pm
Wed February 6, 2013

Central Falls clerk charged with embezzlement

State police have charged a Central Falls clerk with embezzlement. The clerk in the finance office is charged with taking thousands of dollars in fines collected by the city’s Municipal Court.

The city’s finance director noticed discrepancies, did an audit, and discovered that over a period of time a total of $13,620 in cash and checks were transferred to collections clerk Joyce Tager but never deposited into the city’s bank account.

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RI News
1:00 am
Mon January 28, 2013

Central Falls city councilor sees no reason to meet with receiver

Central Falls City Council President William Benson Jr.
Credit Catherine Welch

Once again the Central Falls receiver will try and meet with the full city council. It’s a chance for the receiver’s office to walk elected officials through a five-year plan guiding the city back to financial solvency.

Three city council members have skipped a handful of earlier meetings. Council president William Benson Jr. is one of them. He says there’s no legal reason why he should meet and go over the plan, so don’t expect him there Monday night.

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The Education Blog
2:55 pm
Mon May 21, 2012

Gist heads to Central Falls

State Education Commissioner Deborah Gist holds a public meeting tonight in Central Falls. She’ll take questions from the community while seated alongside a panel of local school leaders.

Numerous concerns have emerged about the tiny school district in the wake of the Central Falls bankruptcy. The school department has agreed to merge some services with the city including finance, human resources and sports.