August 20, 2009 - 3:31pm
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ATLANTIC CITY TAXPAYERS VICTIMS OF CORZINE’S SHORT-SIGHTED BUDGETING GIMMICKS

ATLANTIC CITY TAXPAYERS VICTIMS OF CORZINE’S SHORT-SIGHTED BUDGETING GIMMICKS

CITY’S $5.3 MILLION BUDGET GAP WILL SKY ROCKET NEXT YEAR BECAUSE LOCAL OFFICIALS FOLLOWED STATE ORDERS TO DEFER PENSION PAYMENTS

    A 3 cent tax increase for Atlantic City taxpayers will be nothing compared with what is in store for them next year as Atlantic City has become victim to Governor Corzine’s budgeting schemes and failed promises, Assemblymen Vince Polistina and John Amodeo, both R-Atlantic, said.

    The city council was forced by the state to defer $6.4 million in pension payments at 8.5 percent interest in order to qualify for $9 million in extraordinary aid – assistance that was not granted by the state.

    “This is classic Jon Corzine,” Polistina said. “He makes promises he cannot keep in order to gain a temporary illusion that he has the state’s finances under control when all he has done is snookered city council members and placed taxpayers in a worse position for the future.”

    Amodeo also noted that the city council, according to a story in The Press of Atlantic City, was prepared to make some tough budget decisions before the state forced its hand with pension deferrals.

    “Governor Corzine is forcing his short-sighted budgeting schemes on local officials who wanted to make their own choice between a responsible budget or a short-sighted one,” Amodeo said. “Now that he has botched the state’s books, the governor is wreaking havoc for municipalities.”
AREP can be reached via email at ARepOffice@njleg.org.
Related topics: V. Polistina, J. Amodeo