Moody’s: Atlantic City faces big trouble without state takeover
TRENTON — A Wall Street credit rating agency suggested in a report Wednesday that Atlantic City would face significant financial shortfalls without the state taking over large swaths of the city’s local government. Moody’s Investor Services released the report a day before the state Legislature begins considering two measures aimed at helping the Jersey Shore gambling…
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why so many cities get into such a financial mess: it seems the more aid they get, the less accountability we see. If it’s too many employees, with too many benefits, cut them. If it’s poor financial management, fire and replace those responsible. If it’s theft: arrest and prosecute!!