A vote was cancelled on Thursday to save Atlantic City. Assembly Speaker Vincent Prieto decided to cancel a vote on a rescue plan because he didn’t have the votes to pass it. Gov. Chris Christie and Senate President Steve Sweeney have a rival proposal and say it is time for the Assembly to vote on…
Democratic presidential candidate Bernie Sanders will be in Atlantic City on Monday. Sanders will be spending two days in the Garden State in advance of the New Jersey primary election. Sanders will be speaking at Boardwalk Hall, and the event will be free to the public.
Atlantic City is out of cash in ten days. Those words coming from Governor Chris Christie after the Assembly failed to vote on a rescue package for the resort. Christie says he still supports bills proposed by Senate President Steve Sweeney if they reach his desk.
That big vote by the New Jersey Assembly on an Atlantic City bailout plan? It never happened Thursday. A vote on the plan was called off as legislative leaders bickered over whether or not a compromise bill would be considered on Friday. Senate President Steve Sweeney flatly denied any meeting was going to be held…
An Atlantic City rescue bill is up for a vote Thursday in the New Jersey Assembly, but it will not go any further than that. Senate President Steve Sweeney says he will not even post the Assembly’s rescue plan for a vote in the State Senate. Sweeney says the Assembly action is not needed because…
Atlantic City’s credit rating has dropped again. Standard and Poor’s announced that the city’s credit rating is now a miserable CCC- and a default on debt is a virtual guarantee. This week Atlantic City wired nearly $2 million as an interest only payment on debt to avoid the state’s first default of a municipality since…
New Jersey Senate President Steve Sweeney held a press conference in Trenton on Wednesday and chastised Atlantic City’s leadership for its colossal economic failures. Sweeney pointed out numerous failures of city government including how it’s managed its vehicle fleet, health insurance, salaries, and school payments. Sweeney says Atlantic City “is out of time”, and he’s…
Atlantic City Police have identified the victim of a fatal stabbing that occurred on Monday night. Cops say 30 year old Carlton Williams was found in the 1500 block of Caspian Place when they responded to a 911 call. Williams was pronounced dead at the scene; his killer is still at large.
A rescue plan for Atlantic City drafted by Assembly Speaker Vincent Prieto will be subject to a full vote on Thursday. The new plan would create a committee that would have greater oversight on Atlantic City’s finances. The bill also would create a five year cash management plan for the city. Governor Chris Christie greatly…
Two Atlantic City councilmen have gone on record with their objections to the city’s payment of a monthly debt obligation. The Press of Atlantic City reports that both Councilmen Frank Gilliam and Jesse Kurtz said the bond payment money should not have been made because the cash is needed for the operation of the city.…