Citing Budget Imbalance, Moody's Lowers Atlantic City

Braun, Martin Z.
March 2002
Bond Buyer;3/4/2002, Vol. 339 Issue 31336, p3
Trade Publication
Focuses on the use of debt-services restructuring by Atlantic City, New Jersey mayor James Whelan to stabilize budgets instead of raising property taxes. Arguments of critics about the financial strategy employed by Whelan; Downgradation of the city's ratings by Moody's Investors Services Inc.; Proposal of a plan for tax increase by the city's mayor for the year 2003.


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