TRENTON, N.J. (AP) — The New Jersey Assembly has passed a package of bills to help keep Atlantic City from running out of cash.
The Democrat-led Assembly on Thursday passed the measures that give the city’s government up to five months to devise a plan to balance its budget.
The state Senate is expected to take up the measure later Thursday.
Republican Gov. Chris Christie says he’ll decide quickly whether to sign or veto the legislation. He says it contains the authority he has been seeking.
The deal eliminates, for now, the threat of a state takeover. It also resolves a nasty political fight that has raged since January and pushed the resort ever closer to bankruptcy.
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