Central Falls Unveils Recovery Plan

CENTRAL FALLS, RI– The State-Appointed Receiver who filed for bankruptcy on behalf of Central Falls has unveiled new plans for the troubled city.

The recovery plan, which includes several measures to get the city back on track, still has to be approved by the bankruptcy court.

It's meant to get the struggling city out of financial trouble in five years.

However, Gov. Chafee and the Central Falls Receiver admit it will be a struggle.

A 4% increase in taxes each year for the next five years is what leaders in Central Falls are looking into to help balance the budget.

There will be a public meeting next Thursday to inform the community about the city's five year recovery plan at Central Falls High School.