Thread: Central Falls R.I. Bankruptcy; 50% Pension Redux; 40% Police

Thursday, September 01, 2011 7:35 PM

Central Falls Set to File Bankruptcy Exit Plan; 50% Pension Reductions, 40% Slash in Police and Fire Budgets Coming Up

Central Falls, Rhode Island set to file bankruptcy exit plan delayed by Irene http://blogs.wpri.com/2011/09/01/centra ... -by-irene/

Central Falls filed for bankruptcy Aug. 1, and receiver Robert Flanders said then that he wanted to submit an exit plan to U.S. Bankruptcy Court Judge Frank Bailey within 30 days. But Tropical Storm Irene forced Flanders to push back the self-imposed deadline.

“Central Falls lost power in the middle of the storm and just recovered it yesterday, and that’s hampered our access to servers and the Internet that we need to formulate the plan,â€

WOW!!!!!!! This is GREAT news!!!!!

The smallest state with the biggest guts going

"Flanders has already ordered reductions of up to 50% in Central Falls retirees’ pensions and suggested he will need to slash the police and fire budgets by 40%. Attorney General Peter Kilmartin said last month he’s concerned about the impact that could have on public safety."

And what continue to pay for all our illegals being here? You want to make cuts, start with them first!