Will this Atlantic City Recovery Plan get the OK from the State of New Jersey? A five year plan was presented, voted on, and passed during a special Council meeting on Oct 24. WATCH VIDEO.
Will this plan be acceptable to the Commissioner of the Department of Community Affairs?
Atlantic City Recovery Plan Highlights
- No tax increase, decrease budget & spending
- Trim work force, cut 100 additional employees
- Sell Bader Field
- Fund Borgata settlement with hoped-for financing
- Retirement buy-outs
- No across-the-board pay raises
- Cheaper health care plan
- Eliminate / limit Terminal Leave plans
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