Receiver to city: Central Falls, Rhode Island financial ruin near

Editor's Note: Pay particular attention to the solution being offered here -- "regionalization of city services."

Receiver Mark S. Pfeiffer/photo: Providence Journal

John Hill -- The Providence Journal

CENTRAL FALLS — The city’s 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.

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