It’s official; Atlantic City will issue $93 million in bonds for tax-appeal relief. The Press of Atlantic City reports that the huge bonding amount, is the largest on record in New Jersey used to cover debt. Money from the bond issue will be used to pay rebates for tax appeal settlements, mostly with the city’s casinos. The value of the resort’s casino property values have been reduced by 22 percent since 2011. That could mean a significant property tax hike in 2013. Bond payments will begin next May and continue for 20 years.