Tue 09/13/2022 18:02 PM
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During today’s meeting of the Municipal Financial Recovery Advisory Committee, or MFRAC, the receiver for the city of Chester, Pa., outlined options for closing growing budget deficits in the coming years, including cutting health plans and pension benefits and eliminating debt, signaling that absent buy-in from relevant stakeholders, a chapter 9 bankruptcy filing would be needed.

Vijay Kapoor, chief of staff for the receivership team headed by Michael Doweary, presented a five-year
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