Atlantic City Officials Announce New $225 Million City BudgetLast Edited:
While Governor Murphy expects sports betting to have a positive impact on Atlantic City's finances in the future, city officials gathered today to make an announcement about the city's budget for this year.
On Tuesday, June 12th, Mayor Frank Gilliam and members of the city council gathered to officially introduce the city's $225 million budget.
The new budget comes with changes that officials say will not only be beneficial to the growth of Atlantic City but also to all the people who live and work in it.
"It shows that the future of Atlantic City is bright with [the] government working together and increasing the public confidence, and also hopefully increasing our employee's morale," said Atlantic City Councilman Kaleem Shabazz.
"We still have some ways to go, but at least we know that this town that was once the laughing stock of the East Coast is now back in the power position and I think that we are going to be that way for the future," said Gilliam.
During Tuesday's press conference, city officials announced there would be no tax increases for residents, and added that the budget includes giving employees in the city making $40,000 or less annually a one-time $500 stipend check.
The budget still needs to be approved by the city council, but Mayor Gilliam is confident it will get the votes it needs to pass.
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