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NEWS
April 22, 2016 | By Andrew Seidman, TRENTON BUREAU
TRENTON - Lawmakers aren't any closer to a deal to stave off financial disaster in Atlantic City, as an hour-long meeting Wednesday between two of New Jersey's top elected officials failed to yield any meaningful progress. Senate President Stephen Sweeney (D., Gloucester) said he was worried the city could go bankrupt without a state takeover. "You can see the ship getting ready to hit the rocks," Sweeney told reporters after he met with Assembly Speaker Vincent Prieto (D., Hudson)
NEWS
April 21, 2016
ISSUE | ATLANTIC CITY Support children, unions For more than 30 years, New Jersey politicians have benefited from the profits produced by casinos in Atlantic City. Now is the time for the politicians to look after the community and the unions. Union workers in Atlantic City waved flags, held signs, and chanted last week, protesting the threat to collective bargaining in Atlantic City ("Pencils down?" April 13). The presidents of the blue-collar workers' union, the police union, and the state AFL-CIO spoke out on the importance of collective bargaining; a Senate bill backed by Gov. Christie would allow the state to terminate union contracts.
NEWS
April 21, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - If it were poker, Atlantic City might not even have enough money to ante up. But inside a city courtroom Tuesday, the broke seaside resort raised the stakes against the State of New Jersey, filing a counterclaim seeking $33.5 million in promised state aid. The city's action only intensified the ongoing drama on the Boardwalk, with the city fending off legal action from the state education commissioner over school payments and awaiting the...
BUSINESS
April 20, 2016 | By Andrew Maykuth, STAFF WRITER
Atlantic City Electric announced Monday that its customers will receive a $113.16 credit on their bills in the next month, a one-time bonus for the completion of the merger between Exelon Corp. and Pepco Holdings Inc., the parent company of Atlantic City Electric. The credit will be automatically applied to each household with an active account. It is part of a $430 million package of benefits Exelon is paying to customers and communities of Pepco's utilities in New Jersey, Delaware, Maryland and the District of Columbia.
NEWS
April 20, 2016 | By Andrew Seidman, TRENTON BUREAU
TRENTON - New Jersey's legislative leaders may be a step closer to resolving a dispute over how to rescue Atlantic City from financial disaster. Assembly Speaker Vincent Prieto (D., Hudson) said Monday that he had spoken with Senate President Stephen Sweeney (D., Gloucester) over the weekend about the matter and planned to meet with him this week to try to reach an agreement. "I had a good conversation with the Senate president and I look forward to a dialogue with him," Prieto said.
NEWS
April 16, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - The city quietly made a $4.25 million payment to its school district this week, which the board president said was more than enough to keep schools operating and teachers paid. The state's education commissioner, David Hespe, earlier this week told a legislative committee that he would order Atlantic City schools to close if the city did not meet a Friday deadline of $8.4 million. City officials and education advocates had responded that it is the state's constitutional duty to provide public education, and questioned his authority to issue such an order.
NEWS
April 16, 2016 | By Maddie Hanna, TRENTON BUREAU
Seaside Heights had a financial hole to fill. Last fall, the borough learned that it owed $522,000 in tax refunds stretching back to 2010. Its solution - borrowing to pay the money back - would cost a typical homeowner $50.26 annually for four years. But before Seaside Heights could proceed, it needed permission. The Local Finance Board, little known to most New Jerseyans but familiar to municipalities in trouble, scrutinizes a swath of spending: from bonding to pay back taxes, to fire districts looking to buy new ladder trucks, to improvement authorities incurring questionable costs.
NEWS
April 15, 2016 | By Andrew Seidman, TRENTON BUREAU
New Jersey lawmakers pushing for a state takeover of Atlantic City's government now say they will give the cash-strapped resort town until the end of summer to enact substantial budget cuts before intervening. If the city doesn't adopt a "legally binding" plan to sustainably reduce per capita spending by nearly half within 130 days, state government would intervene, lawmakers said. They also said in a statement that if Atlantic City accepted this proposal, they would petition Gov. Christie for a loan "that is fully secured to protect New Jersey taxpayers" and that would allow the city "to maintain its operational budget while the municipal government makes the necessary cuts to remain solvent.
NEWS
April 15, 2016
BAD HEADLINES cling to Donald Trump like toilet paper to the heel of his shoe. No surprise there. The GOP presidential front-runner and darling of the Ku Klux Klan says something nonsensical or asinine most days of the week. But even we were caught off guard Wednesday night by Trump's awkward attempt to connect with Pennsylvanians during a campaign stop in Pittsburgh. "I know a lot about Pennsylvania and it's great," he said. "How's Joe Paterno ?" Well, he's dead, Donald.
NEWS
April 15, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - Jersey City Mayor Steve Fulop, who has encouraged the expansion of casino gaming into his North Jersey city, took a long look Wednesday at Atlantic City and said he might have to reconsider. "This has been really helpful," Fulop said after meeting with City Council members and community leaders at Kelsey's, the landmark Pacific Avenue restaurant and jazz club, before a personal jitney tour with Council President Marty Small. "This has been eye-opening. " Fulop heard from residents about broken promises, and saw two of four closed casinos up close.
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