ATLANTIC CITY MONITOR RESIGNS IN WAKE OF STATE TAKEOVER BILL

After helping to manage the finances of Atlantic City for five years, the city’s state fiscal monitor will resign as of June 30th. The Press of Atlantic City reports that Ed Sasdelli will step down because he says the state takeover bill requires a monitor who can work full time and he cannot due to his public pension as a former township manager. The Department of Community Affairs must now find a replacement for Sasdelli to help the city close a $44 million budget gap in less than five months to avoid a state takeover.

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