So Atlantic City could use a "bail out."
QUESTION ONE: SHOULD AC BE BAILED OUT
QUESTION TWO: SHOULD THE CASINO'S BAIL OUT AC?
SHOULD THE STATE BAIL OUT AC?
SHOULD THE FEDERAL GOVERNMENT STEP IN AND BAIL OUT AC?
SHOULD AC GO THE WAY OF ROME AND BE SHUT DOWN?
QUESTION THREE: WHAT NEXT?
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QUESTION THREE: WHAT NEXT?
Press Release
(Atlantic City, NJ) – Mayor Guardian said Monday afternoon, “The
City is in discussions with the State to avoid and forestall what may be
an imminent financial predicament. Unfortunately, due to financial
circumstances beyond our control, we will be forced to close City Hall
starting on Friday, April 8th, 2016 at 4:30pm.
We anticipate this closure to remain in effect until at least Monday,
May 2nd, 2016. (May 2nd is when we expect to receive our next payments
of quarterly taxes.)
We are
working to ensure that all essential services will continue to be
provided from April 8th through May 2nd to the residents of Atlantic
City. Essential services are identified as Police, Fire, Revenue
collections, and some divisions in Public Works.
All non-essential services will be ended and closed effective Friday, April 8th, 2016 at 4:30pm.
Both essential and non-essential service employees will not be paid their salary during this closure period. Please note, however, health benefits will remain active for all Atlantic City employees during this period.
We are greatly aware of the potential impact this will have on all of our employees. We are making every effort to find solutions prior to the April 8th deadline. As more information becomes available, we will make sure to share it as soon as possible.
The City of Atlantic City is grateful for your continued service and support.”
All non-essential services will be ended and closed effective Friday, April 8th, 2016 at 4:30pm.
Both essential and non-essential service employees will not be paid their salary during this closure period. Please note, however, health benefits will remain active for all Atlantic City employees during this period.
We are greatly aware of the potential impact this will have on all of our employees. We are making every effort to find solutions prior to the April 8th deadline. As more information becomes available, we will make sure to share it as soon as possible.
The City of Atlantic City is grateful for your continued service and support.”
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