The Mayor of Atlantic City, the Governor and legislative leadership today agreed on compromise legislation to provide the city the time and tools it needs to avoid a state takeover.
The new deal will give the City 5 months to develop a plan to balance their budget for 2017 while ensuring State financial assistance. The compromise avoids a state takeover provided the City offers the State with a balanced budget plan in that time.
Following our recent meetings with the Mayor, including a discussion with him this afternoon, the State PBA is comfortable that the City can develop a balanced budget under the conditions set by the new bill language.
The bill also includes an early retirement incentive option for AC employees. This, coupled with ongoing negotiations between the City and PBA 24, should be adequate to further the goals of a balanced budget moving forward at least as it relates to the PD.
The bill is expected to pass the Legislature in the next few days. The PBA will remain a partner to the Mayor moving forward and we are grateful for his passionate defense of the men and women of the AC PD. This compromise also would not have been possible without the insistence of Speaker Prieto that collective bargaining and fairness be protected during this difficult time.