West Warwick official: Town in ‘dire straits’

The head of the West Warwick Town Council said his community is in “dire straits” and facing some of the same problems that forced Central Falls to seek bankruptcy protection.

Council President Angelo Padula told WPRO that the town, which had its credit rating lowered by Moody’s last week, has a sizable unfunded pension obligation. But Padula said the town cannot afford to raise taxes to fund it because residents are already struggling to make ends meet.

“People in this community are strapped. They’ve had it,” he said.

Padula also criticized the spending of the school system, saying it is increasing wages while the rest of the town is cutting back.

He said he would like the town to avoid bankruptcy or merging with another community.

Article source: http://www2.turnto10.com/news/2011/aug/09/west-warwick-official-town-dire-straits-ar-674383/

Leave a Reply

WP Facebook Auto Publish Powered By : XYZScripts.com
Bunk Beds