Plan for Atlantic City takeover still undecided

Plan for Atlantic City takeover are still undecided by New Jersey lawmakers.

Plan for Atlantic City takeover are still undecided by New Jersey lawmakers. (4/14/16)

TRENTON - State leaders are still working out a plan to save Atlantic City from bankruptcy. Lawmakers have introduced multiple plans, but still have no consensus on which one will be best.

An Assembly committee on Thursday approved a plan that gives Atlantic City up to two years before a full state takeover in exchange for city government meeting financial benchmarks. The bill differs from one the Senate passed and that Gov. Chris Christie backs to allow for a state takeover.

Atlantic City is set to run out of money in May.

Gov. Christie previously said he opposed the plan backed by Assembly Speaker Vincent Prieto and instead wants the takeover legislation.

At a news conference held at Union County College, the governor had harsh words for Atlantic City Mayor Don Guardian.

“How is he going to run his government after May when he has spent so wildly that he has no more money?” the governor asked.  “I want to help solve his problems for him. He doesn’t want the help, that’s up to him.”

Senate President Steve Sweeney offered a compromise. He supports a full state takeover, but he offered an amendment; to allow the city 130 days to make their own reform plan before a takeover would happen.

Gov. Christie says that he won't agree to that plan, but he's willing to hear other ideas.

The governor also says that if Prieto won't agree to support his state takeover plan, he will campaign against the North Jersey casino amendment that's going on the ballot in the fall.

advertisement | advertise on News 12

Trending Video

St. Joseph High School student Matthew Hall visited 1 Teen battling cancer thanks medical team as he prepares to attend prom
News 12 New Jersey - Weather On The 2 New Jersey Weather Forecast
A possible protest is taking shape among transit 3 Commuters threaten possible 'No Pay May' protest on NJ Transit
Some New Jersey Transit riders have vowed not 4 NJ Transit riders vow not to pay fares in protest
The owner of Jewelry Expo in Union Township 5 Sleight-of-hand thieves steal $10K worth of jewelry

advertisement | advertise on News 12

More News

Judge rejects plan to freeze Atlantic City finances Judge rejects plan to freeze Atlantic City finances

A judge has rejected New Jersey's attempt to freeze Atlantic City's cash as it struggles

Atlantic City in Crisis Atlantic City awaits judge's ruling on payroll and schools

Atlantic City officials are awaiting word on whether they can make payroll

Atlantic City in Crisis Assembly speaker introduces his own Atlantic City plan

New Jersey lawmakers’ ongoing feud over the financial future of Atlantic City does not seem

Gov. Christie and Mayor Guardian spar over Atlantic Governor, mayor spar over Atlantic City’s future

Gov. Chris Christie and Mayor Don Guardian were trading barbs Wednesday over the financial future

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE