Atlantic City casino revenue cut by half over 9 years
Christie also proposed turning a recently closed state prison into a dedicated drug treatment facility for inmates and raising reimbursement rates for drug and mental health facilities.
But the change that the state’s drug treatment providers have been waiting the longest for is the rate increase.
Christie also attempted to put the best possible face on the state of New Jersey’s economy and finances.
Gov. Chris Christie announced a compromise among legislative leaders on Monday that would let voters decide on North Jersey casinos.
Christie has used the data to paint a picture of his tenure as a reformer whose policies helped the state recover despite an adversarial Legislature.
“When these things involve public safety, I’m for public safety”, Mr. Christie said on CBS’s Face The Nation. But Guardian said the proposals for a state takeover or bankruptcy was “Atlantic City’s Pearl Harbor”, according to the Associated Press.
Christie steered clear of addressing the state’s fund for bridge and roadwork, which lawmakers say will go broke this year. The Legislature is also about to move forward with a bill to authorize a referendum on expanding casinos to northern New Jersey. “He’ll be back on the campaign trail… but we will be here to figure out how we agree to meet the real and serious problems in the state of New Jersey”.
New Jersey would be the second state behind Hawaii to raise the smoking age to 21.
While Trump is ahead nationally and in the first primary state of New Hampshire, Cruz has been ahead of the pack in Iowa, where he has been picking up support from evangelical voters who retired neurosurgeon Ben Carson, former Arkansas Gov. Mike Huckabee and former Pennsylvania Rick Santorum are all counting on to remain viable candidates.
Atlantic City casinos continued their losing streak in 2015, despite improved contributions from their online gambling operations. Last year, New Jersey Senate President Steve Sweeney and Assembly Speaker Vincent Prieto introduced two separate but very similar bills for the establishment of two casinos in North Jersey. New Jersey’s estate tax has the lowest threshold in the country, at $675,000. The tax dollars needed to make those payments, he said, would take precedence over all other types of state funding – for hospitals, for people with disabilities, for support for colleges and universities, for Medicaid, for rebuilding roads and bridges, for feeding the needy, for replenishing beaches. Once the AG approves a production model, every firearms wholesaler and retailer in the state would be obligated to carry at least one example for sale in their inventory within 30 months and have it on display in their salesroom.
The bill requires the casinos to make $50 million in additional payments over seven years, and would share 13.5 percent of the money collected from the casinos with Atlantic County’s government and the city’s schools to help prevent tax increases for those entities.