From The Press of Atlantic City — Nearly every municipality in Atlantic County filed a joint lawsuit against Atlantic City earlier this month accusing city legislators of improperly approving a $34 million tax appeal settlement with Trump Entertainment. The municipalities, led by the Atlantic County Mayors Association, hope to recoup more than $3 million in tax credits the settlement cost them collectively after the agreement was approved under heavy scrutiny in November 2007.

Below is a breakdown of the tax credits owed by each municipality as a result of Atlantic City’s $34 million settlement with Trump Entertainment Resorts Inc.

  • Absecon $87,517
  • Atlantic City $1,985,616
  • Brigantine $393,473
  • Buena $28,019
  • Buena Vista Township $51,898
  • Corbin City $5,940
  • Egg Harbor City $29,013
  • Egg Harbor Township $466,672
  • Estell Manor City $18,470
  • Folsom $16,567
  • Galloway Township $344,881
  • Hamilton Township $233,898
  • Hammonton $131,821
  • Linwood $109,826
  • Longport $162,868
  • Margate $351,756
  • Mullica $53,134
  • Northfield $106,540
  • Pleasantville $106,075
  • Port Republic $13,509
  • Somers Point $136,778
  • Ventnor $243,847
  • Weymouth Township $11,975
For a full version of this article, visit:
http://www.pressofatlanticcity.com/180/story/405659.html
This entry was posted on Wednesday, February 18th, 2009 at 8:30 am.
Categories: Local Government, News.

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