receivership

Coventry
3:19 pm
Tue November 18, 2014

Coventry Firefighters Union Willing To Negotiate, Surprised By Bankruptcy Announcement

The Central Coventry firefighters union says it was surprised to learn that filing for bankruptcy was on the table. The union’s president said he thought cost cutting negotiations were moving forward.

There’s been little movement on the Central Coventry Fire District’s expected path towards bankruptcy since it was first reported last week, by channel 12.  The union has been in talks with a state receiver for the past several months.  The fire district is more than 3 million dollars in debt according to union president David Gorman. 

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RI News
3:26 pm
Fri June 13, 2014

Wyatt Detention Center Enters Receivership

The troubled Wyatt Detention Center in Central Falls has entered receivership. The facility has been losing money for a while and contributed to the city’s financial woes.

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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
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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Politics
8:02 am
Tue January 22, 2013

Central Falls mayor working on ending receivership

The mayor of Central Falls says he’s working with the city council president to bring receivership to and end. Council President William Benson Jr. is one of three council members who refuse to meet with the receiver’s office to go over a five-year plan guiding the city out of bankruptcy.  The councilors and receiver’s office are in a legal battle over when the receiver should leave.

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RIPR News
6:08 pm
Tue January 15, 2013

Wrangling over who controls Central Falls heads to court

(PROVIDENCE, RI) A Superior Court judge will meet Wednesday with the two sides wrangling over control of Central Falls. Attorneys for the state-appointed receiver say by state law it’s up to the receiver to decide when it’s time to step away. But a lawyer representing some city council members says the time limit on receivership is up.

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