Central Falls reports $1.7 million budget surplus
By: Samantha Lavien
A year and a half ago Central Falls was one of seven cities in the country that was bankrupt. Now, it has a surplus of $1.7 million.
“The city is definitely on the right trajectory,” said Central Falls Mayor James Diossa.
The surplus has come as a result of spending cuts, more property tax revenue than forecasted, and health care savings.
Mayor Diossa says the city can now fix streets and sidewalks that have been neglected over the years.
“Our brand is now honesty and transparency and we're here for the people of Central Falls,” said Diossa.
But, despite the good news, the city is taking a new hit.
One of its largest employers Osram Sylvania, a lighting manufacturer, announced its shutting down. 88-workers at the plant will be out of a job as of this Fall.
“It's near and dear to my heart it is where my dad was employed for 30 years so it definitely has an emotional impact, but I think we'll learn from this and create more opportunities,” said Diossa.
The lighting plant couldn't survive declining sales.
“It's been shrinking right along and the orders haven't been coming in- you could kind of see the writing on the walls,” said Sylvania employee Kevin Turner.
The mayor says it's another hurdle the city will have to overcome.
Ultimately, Diossa hopes to lower taxes.
(c) WLNE-TV 2014