There’s a takeover going on in Atlantic City, and it’s national news.  Trenton is near to approving a bill that would give the state near total authority to run AC for the next five years. If the bill is approved, the state is expected to slash budgets, sell assets, and cancel labor contracts in order to balance the city’s budget. Atlantic City’s balance sheet is due to run out of money on April 8. For the past year, Kevin Lagin, the same emergency manager that took Detroit through its bankruptcy process, has been under contract to assess how to deal
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