Yesterday, 10 Assembly Democrats introduced a proposed constitutional amendment to bring gaming to North Jersey. Are North Jersey casinos essential to raising revenues in New Jersey?
The legislation, which involved several Hudson Dems including Assembly Speaker Vincent Prieto (D-32), Assemblyman Raj Mukherji (D-33) and Assemblywoman Angelica Jimenez (D-32), provides a 15-year plan to distribute the revenue obtained from gaming in North Jersey.
For the first 15 years, 63 percent of the state revenues would be split in half: providing programs for seniors and disabled persons the same way Atlantic City revenues are used and one half for state aid to each county and municipality in the state for programs and property tax relief for senior citizens and disabled residents.
Additionally, 35 percent would be dedicated for the purposes of recovery, stabilization or improvement of Atlantic City, while the remaining two percent would go toward the horse racing industry.
Also in June, it was reported that Liberty Rising, a 90-story hotel and casino, was a possibility in Jersey City.
Yesterday in a video produced by the NJ Assembly Dems, Prieto briefly addressed the new proposed constitutional amendment: