NEW: Central Falls Bankruptcy—General Assembly Leaders Speak Out
Monday, August 01, 2011
The state Senate President and House Speaker both spoke out on the Central Falls bankruptcy announcement today.
Speaker Gordon Fox just issued this statement:
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“I know this was a very difficult decision for Judge Flanders to make, and I have pledged my assistance to him in order to achieve the best result for the people of Central Falls. I will make sure that we keep the lines of communication open moving forward during these difficult times. My main concern is put Central Falls back on sound fiscal footing as quickly as possible.”
Earlier today, Senate President Teresa Paiva Weed said:
“The decision today by the state’s receiver is one which I know was not arrived at lightly yet which has ramifications not just for Central Falls but for our entire state. It is important that the receiver file a plan to bring Central Falls out of bankruptcy as quickly as possible. I am confident that Judge Flanders, working together with the legislative delegation and the residents of Central Falls, can craft a plan which retains the unique identity of the community and achieves the efficiencies necessary for financial stability.”
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