Atlantic City Closing on Wed.

[*TT*]

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there was an emergency court session on Sunday where AC casinos filed an appeal...no word yet that I have seen

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They lost the appeal as everyone expected, casino control employees are not mandatory, there is no life or death situations here.

- For the poster who accused the Dems, the articles I have read accused Corozine of being immovable on his request for increasing sales tax by 1%. Personally I think they are all wrong, but Corozine should have compromised to avoid this horrible result.

TT [img]/images/graemlins/club.gif[/img]

[Chrisman886]

Atlantic City political problems.

Standard.

[murellus]

Corzine is a retard, it almost seems like he wants end his political career with a full point increase in the sales tax. In NJ there aren't enough republicans to actually blame.

[BrooklynPoker]

The head of the Casino Control Commission told Atlantic City's 12 casinos to lock up at 8 a.m. Wednesday. The casinos are also waging a court battle to remain open, and an appeals court was weighing the matter Sunday. However, there was no word on when a ruling would be made, court spokeswoman Winnie Comfort said.

this is courtesy or the AP which also stated that the NJ senate would be in session today and stay in session until a budget is approved

[chucksim]

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- For the poster who accused the Dems, the articles I have read accused Corozine of being immovable on his request for increasing sales tax by 1%.

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Did Corzine and the State Legislature majority change registrations overnight?

It is interesting that for all the problems the GOP has right now (nationwide, not just in NJ), the GOP is being allowed to essentially sit on the sidelines while the Dem's implode.

[Brain]

Here's an article, if you're interested:

Star-Ledger article

[Easy E]

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If you read the article it seems that there are no republicans invololved...
. It is democrats that are in the majority in both houses in NJ and are letting this happen.

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If you can show me a voting record where all republicans voted for the proposed budget and any deals the governor recommended, I will take back my post. Otherwise, majority doesn't mean exclusively.

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I am non partisan but it is obvious that you threw that in just to try to bait republicans here

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Not obvious, just your assumption. It wasn't I who was playing political troll:

<font color="blue"> "many thanks to the dems"</font>

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What is killing me is that there is probably roughly a 1 to 1000 ratio of Casino gaming commission employees to casino employees and because of Corzine pulling the comission members those thousands are going to go without pay. The regular state employee will get paid back lost wages while those that work on tips and such are never going to recoup their lost wages...

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I agree with your sentiments here.

The articles I have read make it seem as if this whole thing is due to a power struggle between a new Democratic governor and the NJ Legislature. If the poster I replied to wants to assume it's just the Dems responsible, that's one choice.

[Basilvdk]

An analyst on CNBC stated that each day of operations that AC is closed could cost Trump $.01/share in earnings. May not sound like a lot, but that's really a hell of a lot. Other properties that are more diverse, like Harrah's, could be $.01 every 2 days. Clearly anything prolonged could be extremely expensive for the shareholders.

Hmm.. I wonder if the shareholders will try to sue New Jersey. I could see that happening.

[BrooklynPoker]

something like that NEEDS to happen...beginning with the the unions in AC suing and then the hotels and then the stores and beach restaurants and everything else that are going to be destroyed by this.
Insane.

[mdelcorso]

This is the first government shutdown in the history of NJ state government. Corzine has ordered the legislature back to session Tuesday at 8am. The NJ consitution gives the governor the power to order the legislation in to session when it is required to secure the public good. The question remains if they will actually report to Trenton or not...

At this point, it looks very likely that the casinos will close on Wednesday. Corzine had a press conference a few hours ago that I watched and it basically seemed impossible that a budget will be presented for signature before then. At this point, no budget has even gotten out of committee.

FYI, NJ cannot be sued over this issue. They are immune in this case because they are in full compliance with the NJ state constitution which is the body of law in play here. The constitution prohibits the state from drawing funds from the state treasury if there is not a balanced budget in place...

The republicans in the legislature really have very little power in NJ at the moment. They are the minority in both houses and do not control the budget committee, thus cannot force a budget to the floor for vote in either house. This is basically a fight between the democrat governor who wants to raise taxes to close a budget gap (God forbid they cut spending instead) against democrats in the legislature that do not want to be labeled as tax raisers because it will hurt their chances at reelection in 2007.