So, keeping casinos in Atlantic City, they say, won't curb problem gambling, it will just send that problem west or north, taking precious tax revenues with them to cities already bent on wooing gamblers away from New Jersey.
Ballot question No. 1 asks whether to authorize the construction of two new casinos in separate counties in the northern part of the state. Proponents spent $8.5 million touting the expansion.
The issue has support from the Democratic leaders of the Legislature and Gov. Chris Christie, but Lt. Gov. Kim Guadagno and a New Jersey radio station are leading a campaign to defeat the question, hoping to capitalize on voter anger over a recent 23-cent hike in the gas tax. But New Jersey has to start from the beginning on gaming expansion. "They never really have been that warm towards it", says Rutgers-Eagleton Polling Center interim director Ashley Koning.
The vote, a by-product of the state's Municipal Stabilization and Recovery Act, was the worst-case scenario for the city, which has been fighting a takeover for the past year, even as it barely escaped going broke.
New Jersey voters yesterday resoundingly rejected a ballot question seeking to end Atlantic City's longstanding monopoly on casino gambling in the state.
A New Jersey state official will have power over certain operations in Atlantic City for the next five years after the Local Finance Board 5-0 in favor of a state takeover of Atlantic City on Wednesday, according to published reports. The question can not be placed on the ballot again for two years.
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Nearly two minutes later, Toffoli finished off an odd-man rush for the 3-0 lead. "Just makes you a better player at the end". They came with brand new logos, too, and they've looked pretty good so far. "They showed us that we have a long way to go".
The city has been on the verge of default since its casino industry began to crater, with five casinos closing since 2014 and the city's ratable base collapsing from $20 billion in 2010 to $6 billion now. The city has seen five casinos close since 2014 amid the increase competition.
The law gives the state up to five years to maintain power in Atlantic City. Voters said yes to the question asking whether every penny of the state's 37.5-cent per gallon gas tax should go exclusively to the transportation fund. The plan included cutting 100 workers, selling Bader Field to the Municipal Utilities Authority, settling with Borgata Hotel Casino & Spa over tax refunds and bonding to pay for tax-appeal debt.
The passage of the ballot question blocks a practice followed by governors from both parties of raiding funds through the annual budget process that have been earmarked only by statute for a specific objective.
"This amendment would provide that an additional three cents of the current motor fuels tax on diesel fuel, which is not dedicated for transportation projects, be dedicated to the Transportation Trust Fund". But that plan marks an improvement over the ratio of spending to borrowing that the state has relied on for the last decade as the gas-tax rate has remained flat.
As expected, ballot question number 1 - North Jersey casinos - crapped out tonight. "By approving this amendment, they have constitutionally committed billions of dollars over the next eight years to fix our roads, bridges, and commuter trains", said Bracken, who is also the president of the state Chamber of Commerce. We can not squander this opportunity to our neighboring states. The entire State tax on gasoline is now dedicated to the Transportation Trust Fund and used for transportation purposes.