{"id":27806,"date":"2015-03-10T16:47:12","date_gmt":"2015-03-10T23:47:12","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=27806"},"modified":"2015-03-10T16:47:12","modified_gmt":"2015-03-10T23:47:12","slug":"new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/","title":{"rendered":"New Jersey Lawmakers Waiting On Atlantic City Tax Plan"},"content":{"rendered":"
\"Chris
Chris Christie says he\u2019s waiting for input from an emergency management team before deciding whether he would sign a tax relief bill for Atlantic City casinos. (Image: Reuters)<\/figcaption><\/figure>\n

Governor Chris Christie has vowed to help Atlantic City rebound from years of declining casino revenues, and one of the major proposals from the legislature to do just that is a tax relief plan that would stabilize the city\u2019s finances.<\/p>\n

But with key deadlines approaching, legislators, Governor Christie and Atlantic City Mayor Don Guardian all appear to be playing a waiting game that can\u2019t go on for much longer.<\/p>\n

At issue is a tax relief plan proposed by State Senate President Stephen Sweeney (D-Gloucester). Known as the Casino Property Taxation Stabilization Act, Sweeney\u2019s bill would remove the uncertainty over property taxes that casinos would have to pay over the next 15 years, instead having them make fixed payments in lieu of taxes each year.<\/p>\n

Property Tax Dispute Deadline Approaching<\/b><\/h2>\n

If that plan is to go into effect this year, however, the casinos would need it to happen soon. April 1 is the deadline for Atlantic City casinos to file appeals over their property tax assessments for this year, a process that has cost Atlantic City<\/a> about $400 million in tax revenue over the last few years. If the new bill were to pass into law, there would be no need for such appeals, as each casino would simply pay a fixed amount rather than rely on an assessment to determine their tax burden.<\/p>\n

Sweeney\u2019s plan has support in both the State Senate and the State Assembly, where Assemblyman Vince Mazzeo (D-Atlantic County) has sponsored an identical package of bills. It has also been endorsed by Guardian, the Republican mayor of the city. However, Governor Christie<\/a> has yet to endorse the plan, saying he wants to see what the emergency management team that he has put in charge of Atlantic City\u2019s recovery recommends.<\/p>\n

\u201cWhat\u2019s the holdup?\u201d Sweeney asked last week. \u201cWe have the votes to pass it. The Atlantic County executive and the freeholders are for it. They\u2019re all on board. It\u2019s the administration.\u201d<\/p><\/blockquote>\n

Bills Waiting on Support from Governor<\/b><\/h2>\n

Sweeney said that the bills are ready to be voted on, but that he would not start the process until he was certain that Christie would sign them into law. Christie has previously said that Sweeney\u2019s plan and other ideas may not go far enough in creating \u201ca plan for long-term success in Atlantic City.\u201d<\/p>\n

Guardian, however, thinks the bills are critical for his city\u2019s future.<\/p>\n

\u201cOur residents and business owners alike need these bills to be passed,\u201d Guardian said. \u201cI\u2019m confident that everyone involved with the process will see how important they are to Atlantic City\u2019s long-term property-tax stabilization and will pass them.\u201d<\/p>\n

The Casino Association of New Jersey agreed, saying in January that is was necessary to pass such a relief plan if the gaming industry was to survive in the state.<\/p>\n

\u201cMake no mistake. Without this plan, certain casinos that remain in Atlantic City are at risk,\u201d the group said in a statement urging the bill to be passed and signed by the governor.<\/p>\n

New Jersey residents appear to be on board with the idea of supporting Atlantic City as well, even if it requires state assistance. In a recent poll by the Rutgers Eagleton Institute of Politics, 57 percent of New Jersey respondents said that they believe Atlantic City should receive state assistance, while just 35 percent said the city should handle its issues alone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Governor Chris Christie has vowed to help Atlantic City rebound from years of declining casino revenues, and one of the major proposals from the legislature to do just that is a tax relief plan that would stabilize the city\u2019s finances. But with key deadlines approaching, legislators, Governor Christie and Atlantic City Mayor Don Guardian all […]<\/p>\n","protected":false},"author":42,"featured_media":27807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13,18],"tags":[],"acf":[],"yoast_head":"\nNew Jersey Lawmakers Waiting On Atlantic City Tax Plan<\/title>\n<meta name=\"description\" content=\"A tax relief package for Atlantic City\u2019s casinos appears ready to pass, but its fate is unclear because Chris Christie has not committed to signing it into law.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Lawmakers Waiting On Atlantic City Tax Plan\" \/>\n<meta property=\"og:description\" content=\"A tax relief package for Atlantic City\u2019s casinos appears ready to pass, but its fate is unclear because Chris Christie has not committed to signing it into law.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-10T23:47:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/chris_christie_328_rtr.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"605\" \/>\n\t<meta property=\"og:image:height\" content=\"328\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/\",\"url\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/\",\"name\":\"New Jersey Lawmakers Waiting On Atlantic City Tax Plan\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/chris_christie_328_rtr.jpg\",\"datePublished\":\"2015-03-10T23:47:12+00:00\",\"dateModified\":\"2015-03-10T23:47:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"A tax relief package for Atlantic City\u2019s casinos appears ready to pass, but its fate is unclear because Chris Christie has not committed to signing it into law.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-lawmakers-waiting-on-atlantic-city-tax-plan\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/chris_christie_328_rtr.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/03\/chris_christie_328_rtr.jpg\",\"width\":605,\"height\":328,\"caption\":\"Chris Christie says he\u2019s waiting for input from an emergency management team before deciding whether he would sign a tax relief bill for Atlantic City casinos. 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