Chelsea Schools Reopen Amid Uncertainty Over Near-Bankrupt City's Fiscal Health

By Ann Bradley

CHELSEA, MASS.--As children streamed back into this city's aged schools last week to begin another year of study, some were greeted by an important visitor: James F. Carlin, the state-appointed receiver who now runs this suburban Boston city.

Mr. Carlin's presence in the classrooms on the first day of school underscored once again the financial plight of the school system, which is entering its third year of...

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