Casinos call for vote on Atlantic City aid, takeover bills

Casinos call for vote on Atlantic City aid, takeover bills

Casinos call for vote on Atlantic City aid, takeover bills (4/29/16)

ATLANTIC CITY - Atlantic City's casinos, saying they are "on the edge of the abyss," want an immediate vote on bills that would help the casinos and let the state take over the city's finances.

The Casino Association of New Jersey on Friday called on Assembly Speaker Vincent Prieto to post his version of an Atlantic City aid package, one of two competing measures being considered by the state Legislature.
The bills differ on when the state could seize control of the nearly broke city's finances.

But both would let the casinos make payments in lieu of taxes in return for not appealing their tax assessments.

The casinos say the impasse over which version should pass is hurting the gambling halls and the city as a whole.

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