Christie Says New Jersey Taxpayers Won't Rescue Atlantic City

  • Mayor warns of city shutdown beginning April 8 without help
  • Rescue bills passed state Senate and have stalled in Assembly

New Jersey Governor Chris Christie said he won’t come to Atlantic City’s rescue, even as its mayor warned that non-essential services will be shut down beginning April 8 unless an agreement is worked out with the state to aid the distressed gambling resort.

Bills that would provide the city with a cash infusion and give the state control over its operations passed the Senate this month and have Christie’s support. Assembly Speaker Vincent Prieto opposes a provision that would give Christie’s administration the power to change or break union contracts.

Moody’s Investors Service warned that the city could default on debt as early as next month without state action.

Mayor Don Guardian and Prieto are “opening the door to bankruptcy,” Christie told reporters Tuesday in Long Branch. Prieto, a Democrat, is putting unionized workers’ interests ahead of taxpayers, the Republican governor said.

The governor said the language of the bills must remain as written or he won’t sign them.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE