A New Jersey agency is supposed to put casino taxes back into the community.
The Big Story
Fri. Oct 14, 2022
The state’s Casino Reinvestment Development Authority is supposed to put casino taxes back into the community. Some of its deals have made housing options worse, not better, for Atlantic City’s vulnerable residents.
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Despite growing profits, casino operators used predictions of “grave danger” to convince the state to slash their tax burden, denying millions to the city, its school district and the county.
Lawmakers claimed, without providing evidence, that casinos would close without a tax cut. A ProPublica, Press of Atlantic City analysis found otherwise.
A Superior Court judge in New Jersey has thrown out a state law granting Atlantic City’s casinos tens of millions of dollars in tax breaks, saying that the measure was passed on dubious grounds and violated the state Constitution.
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