The 60-day report from Atlantic City's emergency management team appointed by Gov. Christie was released Tuesday afternoon. Despite their well-publicizd bankruptcy expertise, Kevin Lavin and Kevyn Orr did not recommend that path for the resort, which lost four casinos and 8,000 jobs during the great meltdown of 2014.
The report warns of a liquidity crisis through 2015. 
Instead, they recommended cutting expenses in 2015 by $10 million and appointing mediators to reach resolutions with various stakeholders, including casinos and unions. 

The full report is here. http://www.state.nj.us/dca/news/news/2015/20150323.pdf
Lavin and Orr are set to brief the media at 3 p.m.
 Robert O'Brien, an attorney for the city's police, fire and white collar unions, said he feared a report focusing on the city's economic woes would lay the ground work for an attempt to break union contracts.
   "The unions have been trying to cooperate," O'Brien said. "We’re very concerned if in fact Atlantic city is seeing such dire consequnces, there has to be other ways to address short of taking it out on the backs of the workers. These are not rich contracts."

  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.