Guardian's preliminary budget called for $202 million in spending, a decrease of $30 million from last yar, but still leaving a gap of $70 million in revenue. The city's ratable base for 2015 is $7.35 billion, which at last year's tax rate yield $132 million.
A prosoal to convert casino hotels to a "Payment in Lieu of Taxes" or PILOT plan is pending before the state legislature. State Sen. President Steve Sweeney has said he would not put the measure to a vote without assurance that Gov. Christie would sign it.
Also in the legislative package are propoals to redirect $30 million in money now used to fund the Atlantic CIty Alliance marketing group, and additional money from the Casino Reinvestment Development Authority to help pay off the city's debt.
Lavin and Orr were expected to answer questions in a media conference call Tuesday afternoon.