August 9, 2017

Atlantic City, Bacteria, Sales Tax – Wednesday’s Roundup

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The Oswego River, via Mark Clemmens of @receptive.design on Instagram.

Atlantic City
There’s an Atlantic City council meeting tonight and the $80 million debt issuance to cover the remaining casino tax settlements is on the agenda, along with a redevelopment plan for Gardner’s Basin, the Press of Atlantic City reports. Gardner’s Basin would be run under a lease/management plan by Scarborough Properties (an Ocean City based developer behind the Shore Medical Center expansion and other South Jersey projects), according to the agenda. Also in the meeting docs – the Tropicana is going ahead with its elevated pedestrian walkway to connect to (the former) Chelsea hotel.

Bacteria
It wasn’t from the ocean or even Lake Margate/Christie, but two children in Atlantic County contracted bacterial infections from swimming at Port Republic’s beach along Nacote Creek. Both children are now well after treatment with antibiotics, but their parents took to social media to raise awareness of infection symptoms, SNJ Today reports.

Sales Tax
A “storm looms on the horizon” for local sales tax revenues, according to a report published Monday by ratings agency Standard & Poor’s. New Jersey doesn’t collect sales tax at the local level, but the report still raises an issue that is relevant around here: stagnant wage growth and high living costs are causing people to spend less money on discretionary items. That has repercussions for debt that is tied to receipts from taxes on such items. And in fact, numbers from the Division of Gaming Enforcement show that luxury tax revenue in Atlantic City, which backs debt issued by the Casino Reinvestment Development Authority, is still falling (along with hotel and parking fees), even as the casinos tout their recovery.  Oh, and a new report says personal income in New Jersey has grown just 1 percent a year since 2007.

In the rest of the headlines from the last 24 hours, police are investigating a death at the Tropicana, Egg Harbor Township High School and a handful of other South Jersey schools have been removed from ‘focus’ school status after successfully narrowing the gap between their highest and lowest performing students, here’s a look at everything you might be swimming with in the ocean, Belmar is thinking about banning tents on the beach, “F**ck you, opioids” says an East Brunswick funeral home director, and New Jersey is cracking down on carcinogens in drinking water. All that and more below:

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