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Mazzeo: Assembly will Vote on 5-Bill Atlantic City Legislative Package on June 11

(ATLANTIC CITY) – Assemblyman Vince Mazzeo on Tuesday said the 5-bill legislative package he sponsored to assist Atlantic City and Atlantic County will be voted on by the Assembly on June 11 and the Senate on June 25.
“We all know the problems facing Atlantic City,” said Mazzeo (D-Atlantic). “Over the next few weeks, we’ll take the next steps towards stabilizing the tax base in Atlantic City – an effort that will benefit the entirety of Atlantic County. Since November I’ve been working tirelessly to build support for this package and I’m glad to see Democrats and Republicans alike have coalesced around my legislation that will bring real reform to how Atlantic City does business.”
The five bills to be voted on include:
· A3981/S2572 – Casino Property Taxation Stabilization Act;
· A3982/S2573 – Requires holder of casino license to provide certain employees with certain health care and retirement benefits;
· A3983/S2574 – Authorizes supplemental State aid to school districts in municipality with significant decrease in commercial property valuation; makes appropriation;
· A3984/S2575 – Reallocates casino investment alternative tax to Atlantic City to pay debt service on municipal bonds issued; and
· A3985/S2576 – Removes provisions of law relating to Atlantic City Alliance.
“For weeks we’ve been waiting for the governor and the emergency manager to take a clear and concise position on these bills,” Mazzeo said. “However, with a new fiscal year almost upon us, we simply cannot wait any longer to act. It is my sincere hope that the governor will sign these important and historic pieces of legislation when they reach his desk.”
Mazzeo added, “Lastly, I’m grateful to Speaker Prieto and Senate President Sweeney for their leadership and their continued support for the residents of Atlantic County while we continue to make Atlantic City the tourist destination we know it can be.”