Since the state takeover of Atlantic City in 2016, property taxes have stabilized, Stockton University is expanding, the Showboat wants to build a water park and the city budget is under $200 million for the first times in years. Credit rating agencies have upgraded the city’s rating several times.
Assemblyman Vince Mazzeo (D-Atlantic), who is seeking the Senate seat in the district, is pushing a bill to extend the takeover for four more years.
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