Casino tax appeals / Atlantic City must cut spending - Press of Atlantic City: Press Editorials

Casino tax appeals / Atlantic City must cut spending

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Posted: Sunday, September 16, 2012 12:01 am

Atlantic City plans to borrow $103 million to help cover refund payments to casinos that won successful tax appeals this year. That's in addition to the $35 million the city borrowed for the same purpose last year. And the possibility remains that it may have to borrow another $40 million next year to cover ongoing tax appeals.

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