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State receiver departing Central Falls

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The state receivership in place in the troubled city of Central Falls since 2010 is ending, and local officials are taking back control, bound by a five-year recovery plan crafted under state oversight and approved by a federal bankruptcy judge. Christine Hunsinger, a spokeswoman for Governor Lincoln Chafee, said the receivership is being dissolved Monday. A receiver stepped in nearly three years ago to address shaky finances in Rhode Island’s smallest city, including a massive budget deficit and an unfunded pension liability that officials said was $80 million.

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