(Atlantic City, NJ) — With no formalized agreement between Atlantic County and Atlantic City in sight, Assemblyman Vince Mazzeo and Senator Jim Whelan released the following letter today calling on the County and the City to defer to the Division of Local Government Services – the state’s legal overseer of municipal and county budgets – to determine the amount of money that Atlantic County and the Atlantic City School District would receive from the Atlantic City Tax Stabilization legislation.
“This legislation will stop the bleeding,” said Assemblyman Mazzeo (D-Atlantic). “The time is now to come to an agreement so the County and City can move forward together with certainty for taxpayers. Another round of successful tax appeals from the casino industry will be the straw that breaks the camels back in Atlantic City.”
“We’re asking that all sides put aside politics and defer this decision to the state’s foremost experts on budgeting – the Division of Local Government Services,” said Senator Whelan (D-Atlantic). “Taking the politics out of this is the only way an equitable agreement will be reached between all parties.”
Mazzeo went on to add, “This legislation will do what we promised – stop the successful casino tax appeals that are bleeding our taxpayers and businesses dry across Atlantic County. Residents have seen their tax bills without the enactment of the tax stabilization legislation, and it’s not pretty. Tax stabilization is around the corner and we all need to do everything we can to make sure the Governor signs it.”