CENTRAL FALLS, R.I -- Central Falls says it's broke.
City Solicitor John T. Gannon and Joseph S. Larisa Jr., the special counsel the city has hired, filed a receivership petition Wednesday morning in Superior Court.
The filing claimed that for 2009-10, the city was looking at a $3 million shortfall in its nearly $18 million budget and a projected deficit of $5 million in the 2010-11 budget.
...and that's despite:
The state pays to run the city's schools. This year, the state is paying about $43 million to the school district.
That city is a singular basket case.
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