City tax levy down 70 percent from 2012

July 28, 2017

Marc Pfeiffer, assistant director of the Bloustein Local Government Research Center at Rutgers University, said the state should receive plenty of credit for getting Atlantic City’s finances under control. In February, state overseers reached a $72 million tax settlement with Borgata Hotel Casino & Spa. The city owed Borgata $165 million after successful property-tax appeals by the casino. The settlement saves the city $93 million, according to the state.

Press of Atlantic City, July 28, 2017

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