The Providence Journal reports that Superior Court Judge Michael Silverstein will conduct a hearing on Wednesday morning on the performance of Jonathan N. Savage as receiver for the City of Central Falls.
The city has short-term and long-term financial problems. The immediate one is a $3-million deficit in the current $17.8-million budget, projected to grow to $5 million next year. The long-term problem is its police and firefighter pension fund, which, according to the city’s filing, needs about $35 million to be able to meet its expected retiree obligations. It has about $4 million.
Since his temporary appointment May 19, Savage has increased taxes 4.5 percent across the board and brought in consultants to recommend changes in the police and fire departments. The School Department is unaffected by the filing because it is financed by the state. Savage has refused to speculate on what changes, either staffing or salaries or both, he may implement, but has said he was expecting the police and fire consultants would come up with “substantial” savings.