Atlantic City Recovery Plan Gets Support
The City Council in Atlantic City has given its support to Mayor Don Guardian’s “recovery plan” for the city.
The Press of Atlantic City reports that the plan involves steep budget cuts.
The plan says the city must cut $40 million from its municipal budget over 10 years, with $15 million in cuts coming in 2015. It calls for layoffs and consolidation of city services across multiple departments, the selling of available city assets, and backs the casino taxation framework proposed by State Senate President Stephen M. Sweeney, which would see the city’s casinos collectively contribute $150 million per year at their current profit level.
It was a painful pill for the council to swallow: The bill had previously been tabled since its December 23rd meeting.