Atlantic City Aid Package Approved, Heads Back To Gov. Christie
TRENTON, N.J. (AP) — An aid package for Atlantic City and its struggling casinos has been approved by the New Jersey state Senate.
The centerpiece would allow the eight casinos to make payments in lieu of taxes for 15 years.
The package now goes back to Gov. Chris Christie, who vetoed an earlier version in November.
It also includes measures redirecting casino investment taxes to help pay down Atlantic City's municipal debt and abolishing the Atlantic City Alliance, which marketed the resort to other parts of the country.
The state Assembly approved the package last month.
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