NewsRadio 920 WHJJ and the Associated Press
PROVIDENCE, R.I. (AP) — Gov. Lincoln Chafee says the state will take over the financially troubled Central Coventry Fire District.
The district has been in bankruptcy receivership since October 2012 and a Superior Court judge had ordered the liquidation of its property and other assets by May 16.
The Providence Journal reports Gov. Chafee sent letters to the leaders of the state legislature indicating the state has been asked to step in to avoid that liquidation and has agreed.
Lawmakers last week added local fire districts to the jurisdiction of the state Fiscal Stability Act, which allows the Department of Revenue to take over financially distressed local agencies and reorganize their finances.
Chafee says the reorganization most likely will include increased taxes, union concessions and possibly reduced services.
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