Atlantic City has yet to receive money from a state bridge loan that was part of the legislation signed by the Governor Christie on May 27th to help the resort navigate out of their financial mess. The city now risks running out of money by the end of June, unless they dip into their capitol funds or terminal-leave account to pay their bills. New Jersey has it’s own budget deficit to contend with and must find a line-item from which they can transfer money to Atlantic City for the secured loan promised by the revised rescue bill.
