New Jersey should increase Atlantic County’s share of casino tax payments after the county to agreed to take over several programs from Atlantic City, including senior transportation, says state Assemblyman Chris Brown, R-Atlantic.
Atlantic County officials had expected to get 13.5 percent of the casinos’ payment in lieu of taxes, or PILOT, paid to Atlantic City as part of the state takeover of the local government. But the city, operating under a state monitor, is only paying 10.4 percent of its casino taxes to the county. County officials have estimated over the course of the 10-year agreement, that equates to $40 million less than the county was expecting.
In May, the board voted to spend $500,000 to sue the state over the amount they received from the PILOT.
“Families
throughout Atlantic County are struggling to make ends meet, which is
why the Mayors Association — Democrat, Republican and independent mayors
together — repeatedly called on the state to fulfill its end of the
bargain and provide 13.5 percent of the PILOT,” said Mullica Township
Mayor Jim Brown, president of the Atlantic County Mayors Association.Entire article at
http://www.pressofatlanticcity.com/news/breaking/atlantic-county-should-get-full-pilot-money-brown-says/article_52cb8f96-3be4-5485-b1fb-45bedec72aac.html
No comments:
Post a Comment