PROVIDENCE – The city has severed its relationship with Central Falls Receiver Robert G. Flanders Jr. following comments he made about the state capital’s financial situation.
Speaking at a conference in Philadelphia, Flanders, whose law firm had been advising Providence on paring pension benefits, said last month that the city of Providence probably will seek bankruptcy-court protection to deal with a budget deficit.
Mayor Angel Taveras last week announced that the city would no longer be working with the former Supreme Court justice, Bloomberg News reported.
“Judge Flanders’ recent comments concerning Providence’s fiscal crisis are unacceptable,” Taveras said in a statement.
Flanders told The Associated Press that city lawyer Jeffrey Padwa told him that the services of Hinckley Allen & Snyder, where he is a partner, were no longer needed. He said he was given no reason by Padwa.
Taveras spokesman David Ortiz said the city has been concerned about “private and public comments” Flanders has made in the past month, the AP said.
The city is facing a $22 million budget gap this fiscal year. The mayor has said the city could run out of cash by the end of June, and that bankruptcy could be an option. •
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.