CRDA approves Atlantic City budget
The authority approved a budget that sets an increase in investments for the city.
US.- The Casino Reinvestment Development Authority (CRDA) has announced that it adopted its 2019 operating budget on Tuesday. The US$6.7 million budget is 10% higher than last year’s and is set to increase investment for the city.
Executive Director Matt Doherty said that it also increases medical benefits and payroll for workers in the city. He added that keeping the CRDA on firm financial foundation allows them to continue to fund meaningful community projects while engaging potential new investors in attractions and events.
“The budget actions that we’re asking the board to take today I believe reflect sound business practice and the commitment to fulfilling Gov. (Phil) Murphy’s vision for a new prosperity in Atlantic City,” said Board Chairman Robert Mulcahy. “The CRDA and the state are delivering quality-of-life improvements while also encouraging greater private investment.”
