New Jersey lawmakers question state role of Atlantic City's fall

On Monday, several Democratic New Jersey lawmakers demanded answers from Governor Chris Christie's administration regarding the control of Atlantic City's money when its fiscal crisis only deepened under years of existing state oversight.

The legislators raised doubts about the effort of the Republican administration to rein in fiscal excess in Atlantic City since it installed a monitor to oversee the finances of the city, claiming there was not enough evidence to justify the proposed takeover of local government at the moment. According to Philly Daily News, Assemblyman John DiMaio told Charles Richman of the Department of Community Affairs that it seems like there hasn't been a genuine conviction to solve the problem in five or three years. DiMaio also asked during a budget committee hearing if the city will really have the fortitude to accomplish what needs to be done.

Richman believes that the governor has made pretty clear that the administration will make necessary efforts, adding that the state's power over the distressed gambling hub is currently limited and does not allow it to force layoffs. Reuters reported that the testimony of Richman comes as Democratic legislators advance competing measures on how to provide assistance to the city.

Richman also said that the city's dire straits require immediate actions through the monetization of the Atlantic's water authority or renegotiating union contracts, reports Politicker NJ. Meanwhile, Democratic Speaker Vincent Prieto is supporting softer takeover provisions with a longer time frame.

At least $3.34 million were collected from state taxpayers for a team of professionals to create an effective plan, yet the city's fiscal condition has only worsened. Gov. Christie said during a news conference on Monday that the earlier state intervention was focused primarily towards private development. The governor scoffed at the idea that casino visits would drop if local government would cease from functioning.

Gary Schaer, Assembly budget chair, said after the hearing that he is more convinced that a state takeover of Atlantic City would not help the city.

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new jersey lawmakers, atlantic city fall, atlantic city financial crisis, us fiscal crisis, Governor Chris Christie, atlantic city budget, us lawmakers

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