VIDEO: Christie Vetoes Bills Impacting AC EconomyPosted:
ATLANTIC CITY- Governor Chris Christie split his decision on legislation, approving increased aid to the city's schools, but denying the rest of the aid package.
The key bill would have let the eight casinos make payments in lieu of taxes for 15 years, allowing them to know exactly how much they owe instead of facing huge potential increases each year.
Another would divert alternative investment taxes the casinos now pay, to help reduce the city's debt. Others would have mandated employee benefits for casino workers and eliminate the Atlantic City Alliance to use its $30 million annual budget for other ways to help the city.
Christie says he vetoed because the bills wouldn't set the city on a sustainable path to recovery.
SNJ Today is a Southern New Jersey news and information source based in Millville, New Jersey that is dedicated to providing current stories related specifically to South Jersey.