Casinos Pay More Taxes, PILOT Fight and Clean Energy – Wednesday’s Roundup

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Casino Taxes (And The Taj Mahal)
Atlantic City’s casinos paid more in gaming and resort taxes to New Jersey last year, bucking a decade-long trend of slumping tax revenue from the sector, Route 40 reported exclusively here. The numbers from the Division of Gaming Enforcement indicate the sector’s declining revenue is flatlining – largely helped by a pickup in online gaming. The numbers, however, are through the end of June last year, meaning that they don’t include the closure of the Trump Taj Mahal. Speaking of which, Icahn told the AP that he has no immediate plans to sell the Taj, but he did change its deed so that he could reduce his property tax bill.

The Press of Atlantic City’s Christian Hetrick reports from yesterday’s county freeholders’ meeting that the freeholders are withholding $12.8 million from the city, until the city pays the county its 13.5 percent share of the casinos’ Payments In Lieu of Taxation (PILOT). “The stress on the Atlantic County budget, and therefore on the residents of Atlantic County, has the potential to be tremendous if the county does not receive its fair share,” Freeholder Chairman Frank Formica said.

Clean Energy

NJSpotlight has this piece looking at how some interested parties are planning a clean-energy business push for once Gov. Chris Christie’s term ends… It’s interesting, from the local perspective, considering the government just recently put the kibosh on a planned offshore windfarm (although the people behind that plan said they might still try and revive it. That story is here).

See below for the rest of today’s headlines, which include articles on the controversial South Jersey gas pipeline, job growth in New Jersey (or the lack of) and a repair-man scam.

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