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NJ Senate President Sweeney Unveils His Own Financial Survival Plan For 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.
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