{"id":98,"date":"2024-06-14T04:43:07","date_gmt":"2024-06-14T01:43:07","guid":{"rendered":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/"},"modified":"2024-06-17T13:16:20","modified_gmt":"2024-06-17T10:16:20","slug":"new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster","status":"publish","type":"post","link":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/","title":{"rendered":"New Jersey Governor Seeks Control of Atlantic City Finances to Avert Fiscal Disaster"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/3tuXEjkYAIw\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>Governor Christie Supports State Intervention in Atlantic City\u2019s Fiscal Crisis<\/p>\n<p>In a pivotal moment for the economic outlook of Atlantic City, New Jersey Governor Chris Christie has endorsed a strategy that would give the state control over the financially troubled city\u2019s finances for a period of five years.<\/p>\n<p>This recent proposition, which essentially permits the state to manage the city\u2019s financial affairs, received approval from the Atlantic City council earlier this week.  It also has the endorsement of New Jersey Senate President Steve Sweeney and Atlantic City Mayor Don Guardian.<\/p>\n<p>Although the state currently possesses some oversight over the city\u2019s budget, personnel decisions, and other financial matters, this new accord would considerably broaden those powers. Governor Christie intends to finalize this agreement by February.  The agreement would grant the state extensive new authority to restructure the city\u2019s substantial debt, renegotiate or cancel existing city contracts, potentially dismantle city departments, and even facilitate the sale of city property\u2014all of which are being presented as radical measures to address the city\u2019s increasingly serious debt emergency.<\/p>\n<p>Atlantic City\u2019s economic difficulties are largely attributed to the steep decline of its casino sector.  In the past ten years, revenue from gambling has plummeted from a peak of $5.2 billion to a mere $2.6 billion.  Worsening the situation, the permanent closure of four casinos in 2014 alone resulted in a loss of hundreds of millions of dollars in tax revenue for the city.  At present, Atlantic City is contending with a staggering $240 million debt and faces an additional $160 million tax appeal owed to the Borgata casino resulting from an ongoing lawsuit.  Projections for the next five years present a grim outlook, with anticipated deficits exceeding $300 million. <\/p>\n<p>Although increasing rivalry from nearby states has continuously reduced Atlantic City\u2019s funds, declaring insolvency is still a significant possibility, albeit one that Governor Christie, specifically, has strongly rejected. <\/p>\n<p>Those against bankruptcy are fast to highlight the lasting harm such an action would have on the city\u2019s capacity to draw in capital, though with credit agencies already having lowered the city\u2019s bonds to non-investment grade (CCC-), the effect could be slight. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor Christie Supports State Intervention in Atlantic City\u2019s Fiscal Crisis In a pivotal moment for the economic outlook of Atlantic City, New Jersey Governor Chris Christie has endorsed a strategy that would give the state control over the financially troubled city\u2019s finances for a period of five years. This recent proposition, which essentially permits the [&hellip;]<\/p>\n","protected":false},"author":69,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlantic City<\/title>\n<meta name=\"description\" content=\"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Governor Seeks Control of Atlantic City Finances to Avert Fiscal Disaster\" \/>\n<meta property=\"og:description\" content=\"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in a Thrilling Casino Adventure | Licensed &amp; Trusted\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T01:43:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:16:20+00:00\" \/>\n<meta name=\"author\" content=\"Camila &quot;Crimson&quot; Phelps\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Camila &quot;Crimson&quot; Phelps\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/\",\"url\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/\",\"name\":\"Atlantic City\",\"isPartOf\":{\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/#website\"},\"datePublished\":\"2024-06-14T01:43:07+00:00\",\"dateModified\":\"2024-06-17T10:16:20+00:00\",\"author\":{\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/a5dcb63fb15e01279bdcfd9a46f4ebe2\"},\"description\":\"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City\",\"breadcrumb\":{\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Jersey Governor Seeks Control of Atlantic City Finances to Avert Fiscal Disaster\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/#website\",\"url\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/\",\"name\":\"Indulge in a Thrilling Casino Adventure | Licensed &amp; Trusted\",\"description\":\"Discover a world of exciting opportunities in online gambling with our regularly updated news, comprehensive reviews, and expert articles. Our licensed casino is your trusted partner.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/a5dcb63fb15e01279bdcfd9a46f4ebe2\",\"name\":\"Camila \\\"Crimson\\\" Phelps\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-content\/uploads\/sites\/73\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-content\/uploads\/sites\/73\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Camila \\\"Crimson\\\" Phelps\"},\"description\":\"With a Bachelor's degree in Mathematics and a Master's in International Relations, this skilled writer has a passion for using mathematical modeling and game theory to understand the geopolitical and economic factors shaping the global casino industry and to develop strategies for international cooperation and conflict resolution. They have expertise in decision theory, international political economy, and diplomacy, which they apply to the analysis of the cross-border flows of gambling capital and the development of international regulatory frameworks and dispute resolution mechanisms. Their articles and reviews provide readers with a global perspective on the casino industry and the strategies used to navigate the complex and dynamic international gambling landscape.\",\"url\":\"https:\/\/dreamcasinonodepositbonuscode.icu\/author\/87696ijhfngbsa4\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Atlantic City","description":"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/","og_locale":"en_GB","og_type":"article","og_title":"New Jersey Governor Seeks Control of Atlantic City Finances to Avert Fiscal Disaster","og_description":"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City","og_url":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/","og_site_name":"Indulge in a Thrilling Casino Adventure | Licensed &amp; Trusted","article_published_time":"2024-06-14T01:43:07+00:00","article_modified_time":"2024-06-17T10:16:20+00:00","author":"Camila \"Crimson\" Phelps","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Camila \"Crimson\" Phelps","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/","url":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/","name":"Atlantic City","isPartOf":{"@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/#website"},"datePublished":"2024-06-14T01:43:07+00:00","dateModified":"2024-06-17T10:16:20+00:00","author":{"@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/a5dcb63fb15e01279bdcfd9a46f4ebe2"},"description":"New Jersey Governor Chris Christie throws his support behind a controversial plan to give the state control of Atlantic City","breadcrumb":{"@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/2024\/06\/14\/new-jersey-governor-seeks-control-of-atlantic-city-finances-to-avert-fiscal-disaster\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/dreamcasinonodepositbonuscode.icu\/"},{"@type":"ListItem","position":2,"name":"New Jersey Governor Seeks Control of Atlantic City Finances to Avert Fiscal Disaster"}]},{"@type":"WebSite","@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/#website","url":"https:\/\/dreamcasinonodepositbonuscode.icu\/","name":"Indulge in a Thrilling Casino Adventure | Licensed &amp; Trusted","description":"Discover a world of exciting opportunities in online gambling with our regularly updated news, comprehensive reviews, and expert articles. Our licensed casino is your trusted partner.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dreamcasinonodepositbonuscode.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/a5dcb63fb15e01279bdcfd9a46f4ebe2","name":"Camila \"Crimson\" Phelps","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/dreamcasinonodepositbonuscode.icu\/#\/schema\/person\/image\/","url":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-content\/uploads\/sites\/73\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-content\/uploads\/sites\/73\/2024\/06\/woman-avatar-96x96.png","caption":"Camila \"Crimson\" Phelps"},"description":"With a Bachelor's degree in Mathematics and a Master's in International Relations, this skilled writer has a passion for using mathematical modeling and game theory to understand the geopolitical and economic factors shaping the global casino industry and to develop strategies for international cooperation and conflict resolution. They have expertise in decision theory, international political economy, and diplomacy, which they apply to the analysis of the cross-border flows of gambling capital and the development of international regulatory frameworks and dispute resolution mechanisms. Their articles and reviews provide readers with a global perspective on the casino industry and the strategies used to navigate the complex and dynamic international gambling landscape.","url":"https:\/\/dreamcasinonodepositbonuscode.icu\/author\/87696ijhfngbsa4\/"}]}},"_links":{"self":[{"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/posts\/98"}],"collection":[{"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/users\/69"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":1,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":119,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/posts\/98\/revisions\/119"}],"wp:attachment":[{"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dreamcasinonodepositbonuscode.icu\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}