The state-appointed receiver overseeing cash-strapped Central Falls filed for bankruptcy Monday morning on the city's behalf in an effort to help it get back on its financial feet.You know, had they just listened to those evil Tea Party types, this mess could have been avoided.
Receiver Robert G. Flanders announced the step at City Hall Monday. He was joined by Governor Chafee, who says the move is needed to address Central Fall's finances.
"The current situation is dire," Chafee said, "and it necessitates decisive steps to put the city back on a path to solid financial footing and future prosperity. We will be exploring all options to provide quality services at an affordable cost to all taxpayers."
All contracts with municipal workers and retirees, including the fire and police departments, are immediately voided.What a tremendous hardship. Now they know how the schmucks in the private sector feel.
Retirees must begin to pay 20 percent of their medical coverage effective immediately, as Flanders proposed when he met with the city's retirees July 19.
"We negotiated with Council 94 and the police and fire unions, without success, attempting to reach voluntary concessions, and we tried in vain to persuade our retirees to accept voluntary reductions in their benefits."It's quote obvious you can't negotiate with these terrorists who are holding the public hostage, ready to blow up the town's budget.
This is just the first of many cities that the greedy public unions are willing to sacrifice in order to get theirs.