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Gusciora: Bailing Out AC Raises Questions

(TRENTON) — Assemblyman Reed Gusciora (D-Mercer) had the following published recently in The Daily Journal:

“Then there are Atlantic City’s utilities. The board game features the Electric Company and Water Works. Under the rules of the game, if you purchase the utility, water works, when a subsequent player lands on the space, they will pay their utility rates based on a roll of the dice.

“But in the real game of life, the city could be forced to sell off its utilities and, in this case, ratepayers would roll the dice for the cost of their next utility bill. The city-owned airport is another potential asset on the bidder’s block. Taxpayers should think long and hard about whether we simply want to give power to the state to sell off the city’s valuable assets for a one-time fiscal shot in the arm…”

To read the rest of Assemblyman Gusciora’s op-ed, click here,/a>.