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Nj Governor Vetoes Greater Part of Atlantic City Save Plan
New Jersey Gov. Chris Christie vetoed on Monday a group of proposed measures aimed at stabilizing Atlantic City’s struggling casino industry, saying that those would not bring ‘economic revitalization and stability that is fiscal to your city.
In place of signing the package of bills he’d previously been offered, Gov. Christie proposed their version that is own of group of measures that would supply the state greater control of Atlantic City and its future.
Apparently, Senate President Stephen Sweeney ended up being highly critical regarding the veto at first, but issued a statement that is joint the Governor afterwards Monday, saying that the situation requires all interested events to take a seat together and discuss the future of Atlantic City, regarded as truly the only invest nj where casino gambling is legal.
Last year, the city saw four of its twelve gambling venues close doors amidst a casino revenue downturn that is general. With eight working casinos, Atlantic City and state officials are well-aware that ‘a comprehensive, forward-looking plan is needed’ to ensure that the city’s gambling industry become stabilized and revitalized.
A centerpiece in the so-called PILOT program was a bill that would need all eight gambling enterprises to annually spend the quantity of $150 million to your town as opposed to property fees for the amount of two years. The gambling venues would additionally spend $120 million for the next thirteen years. (más…)