The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Northfield NJ, in May, Assemblyman John Armato a Democrat introduced a bill giving wealthy casino owners a property tax break at the expense of Atlantic County’s working families and retirees struggling to pay property taxes. The bill would have flattened the casinos’ payment-in-lieu of taxes (PILOT) at $125 million, while excluding sports betting and online gambling from revenue calculations—a huge boon to their bottom line at taxpayer expense.
The sun hadn’t risen yet when Don Guardian began his day at the Atlantic City public works yard. The mayor was facing the latest in a series of increasingly dire fiscal deadlines, and had just days to make a decision whether to make an $1.8 million interest payment on municipal bonds. If he and his advisors decided that shoring up day-to-day spending on the police and fire department and public infrastructure trumped their obligations to creditors, the city would be the first in New Jersey to default on its loans since the Great Depression. JT Aregood, PolitickerNJ Read more
