18 Ocak 2017 Çarşamba Breaking News             Latest US News            New York

Applying to grow, dispense medical marijuana in Pa. will cost you
ATLANTIC CITY — Atlantic City residents will learn more Monday about the struggling seaside resort's financial future. Officials have scheduled a "major announcement" about the Atlantic City Municipal Utilities Authority for 11 a.m., according to...

Atlantic City plans 'major announcement' Monday on finances

ATLANTIC CITY — Atlantic City residents will learn more Monday about the struggling seaside resort's financial future. Officials have scheduled a "major announcement" about the Atlantic City Municipal Utilities Authority for 11 a.m., according to...

Atlantic City plans 'major announcement' Monday on finances

ATLANTIC CITY — Atlantic City residents will learn more Monday about the struggling seaside resort's financial future.

Officials have scheduled a "major announcement" about the Atlantic City Municipal Utilities Authority for 11 a.m., according to a news release.

During the summer, the state gave Atlantic City a $73 million loan.

One of the terms was for the Atlantic City Council to adopt an ordinance by Sept. 15 to authorize the dissolution of the Municipal Utilities Authority if the city can't pay back the loan. The council failed multiple times to so. 

In the wake of another failed vote earlier this month, Mayor Don Guardian asked the state for a "reprieve" from penalty as city leaders continue to work on their five-year financial plan. 

Atlantic City missed a Sept. 15 deadline to adopt an ordinance to dissolve the MUA and now has until Oct. 3 to take action.

Selling or leasing the MUA are among the options city officials are considering, the Press of Atlantic City said.

Atlantic City has until Nov. 3 to submit its five-year plan to the state explaining how it will get back on its feet financially.

Jeff Goldman may be reached at [email protected] Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.

 

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

Having left no will, Prince's wishes are taking a back seat to the law | Toronto Star
Having left no will, Prince's wishes are taking a back seat to the law | Toronto Star
A Series of Unfortunate Events is clever, smug and prescient | Toronto Star
A Series of Unfortunate Events is clever, smug and prescient | Toronto Star
US homebuilder confidence, sales outlook slip in January
US homebuilder confidence, sales outlook slip in January
6 Portland post-snow events for finally getting out of the house
6 Portland post-snow events for finally getting out of the house
FTC sues Qualcomm, alleges monopolistic licensing on mobile chips
FTC sues Qualcomm, alleges monopolistic licensing on mobile chips
Dinosaurs? Ride 'em, dig 'em and more in Secaucus this weekend
Dinosaurs? Ride 'em, dig 'em and more in Secaucus this weekend
‘Real Housewives Of Beverly Hills’ Star Lisa Rinna Vows To Stop Discussing Kim Richards’ Sobriety Amid Fallout
‘Real Housewives Of Beverly Hills’ Star Lisa Rinna Vows To Stop Discussing Kim Richards’ Sobriety Amid Fallout
Will Lady Gaga Be Anti-Trump At Super Bowl 2017 Halftime Show? NFL Denies Banning Singer From Talking Politics
Will Lady Gaga Be Anti-Trump At Super Bowl 2017 Halftime Show? NFL Denies Banning Singer From Talking Politics
Edward Snowden Not Pardoned By Obama: Why Chelsea Manning Got Clemency But Not NSA Whistleblower
Edward Snowden Not Pardoned By Obama: Why Chelsea Manning Got Clemency But Not NSA Whistleblower
Police: Fugitive wanted in officer's fatal shooting captured
Police: Fugitive wanted in officer's fatal shooting captured
Citigroup's earnings beat analysts' forecasts
Citigroup's earnings beat analysts' forecasts
US consumer prices up moderate 0.3 percent in December
US consumer prices up moderate 0.3 percent in December
NEWS ARCHIVES