VIDEO: State Assembly Voting on Three Bills Designed to Help Atlantic CityPosted:
ATLANTIC CITY - After months of waiting and vetos from Governor Chris Christie, legislation to help Atlantic City to emerge from its economic struggles will get a vote tomorrow.
The State Assembly plans to vote on Governor Christie's recommendations on three bills designed to help Atlantic City and its struggling casino industry. The speaker announced the recommendations would get a vote on Thursday.
Christie previously vetoed the measures in November. The key bill would let eight casinos make payments in lieu of taxes for 15 years. This would enable them to know how much they owe instead of facing possible huge increases.
Instead, Christie called for $30 million of that money to go to the state during tax years 2015 and 2016. The state would then hold onto the funds until after Atlantic City passes a fiscal recovery plan that the state legislature deems acceptable.
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