N.J. takes over debt-rid­den At­lantic City gov­ern­ment

Baltimore Sun - - NATION & WORLD -

TRENTON, N.J. — Repub­li­can Gov. Chris Christie’s ad­min­is­tra­tion has seized power in At­lantic City, tak­ing con­trol of the as­sets and ma­jor de­ci­sion­mak­ing in the strug­gling sea­side gam­bling re­sort that is half a bil­lion dol­lars in debt.

The New Jersey Lo­cal Fi­nance Board voted Wed­nes­day to take over the city’s main gov­ern­men­tal func­tions af­ter the state gov­ern­ment re­jected a pro­posed five-year fi­nan­cial turn­around plan.

The state can now sell as­sets in­clud­ing the for­mer Bader Field air­port prop­erty and the city’s much­cov­eted wa­ter util­ity.

It also can re­verse de­ci­sions of the City Coun­cil, break union con­tracts, and hire or fire work­ers.

But it de­clined to give it­self the power to file for bank­ruptcy on be­half of the city.

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