Atlantic City Seen Following Detroit in Deferring Bond Payments

March 31, 2015

Atlantic City’s emergency management team, which was appointed by the New Jersey government to restructure the city’s struggling finances, has considered deferring bond payments while New Jersey decides if it will support the city’s finances, as the state has historically done for financially distressed local governments. In a Bloomberg article on Atlantic City’s financial options, Jim Spiotto discussed the history of local government financial distress in New Jersey.