Introduced by Christie alongside Senate President Steve Sweeney and Atlantic City Mayor Don Guardian, the plan combines elements of previous strategies to help save the struggling gambling hub.
Christie, who is keen for the plan to be cleared by the end of February, said the strategy would allow the state to restructure city debt and terminate municipal contracts, including those with labour unions.
New Jersey already controls the city’s budget, hiring and other finances, but previous legislation put forward by Christie this month would allow for a more complete takeover of operations in Atlantic City.
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