Assembly Judiciary Committee to Amend & Finalize Atlantic City Economic Recovery Bill

(TRENTON) – The Assembly Judiciary Committee will meet Thursday to amend and finalize the Atlantic City Plan for Implementing Economic Recovery Act.
The bill (A-3614) was initially heard by the Assembly Judiciary Committee on April 7, and the committee released it with a unanimous, bipartisan vote. The amendments to be made Thursday will, mainly, clarify that payments in lieu of property taxes from casinos will also go to city schools, as initially intended. Once amended, the bill will be ready for an Assembly floor vote, which is expected to be scheduled as soon as member availability is confirmed.
“I made clear that this bill was a work in progress, and I remain open to compromising, but we will now be ready to move forward,” said Assembly Speaker Vincent Prieto (D-Hudson/Bergen). “With this bill and the remedial actions it can bring, along with the governor’s existing tools, we can put Atlantic City on the right track for fiscal success and help it transition to the resort destination we all know it can become in the coming years. It is the right compromise for everyone, especially the people of Atlantic City.”
Thursday’s hearing will take place at 11 a.m. in Committee Room 11 of the State House Annex in Trenton.
The hearing will be streamed live at: http://www.njleg.state.nj.us/media/live_audio.asp.