NJ Senate President Sweeney Unveils His Own Financial Survival Plan For Atlantic City
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NJ Senate President Sweeney Unveils His Own Financial Survival Plan For Atlantic City
November 11, 2014 3:43 PM

The boardwalk in Atlantic City.
ATLANTIC
CITY
,
N.J. (CBS) — Tomorrow, New Jersey governor Chris Christie gathers
stakeholders for a second meeting in three months on the future of
Atlantic City.
Meanwhile, state senate president Steve Sweeney is floating his own five-point plan aimed at turning the city’s fortunes around.
Sweeney likened the current
financial
situation of Atlantic City to that which Detroit is only now coming out of.
Sweeney says it costs $370 million for
schools
and government in the shore town of 40,000, which, he says, is
unsustainable given the current financial climate where property tax
revenues are down by more than half.
For full story go to: http://philadelphia.cbslocal.com/
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