Atlantic City government spending up 17% per year since first casino opened.

1978-atlantic-city-budget-lrgLine 4 of Atlantic City local government budget of 1978 with its first new casino: “Total General Appropriations: $37.3 million. Same line item in 2014: “$262.1 million”. Please check my math. I get a 600% increase over 36 years, or 17% per year. Atlantic City government has spending and debt problem–not revenue problem. If taxpayers now earning so much less, they can’t afford government that keeps spending so much more. What happens to America happens to Atlantic City first.

  • Seth Grossman

    Seth Grossman is executive director of Liberty And Prosperity, which he co-founded in 2003. It promotes American liberty and limited constitutional government through weekly radio and in-person discussions, its website, email newsletters and various events. Seth Grossman is also a general practice lawyer.

    View all posts

1 thought on “Atlantic City government spending up 17% per year since first casino opened.”

  1. The yearly increase is actually about 6%. Money doubles every 12 years at 7%.(law of 72) 37.4 would be 74.8 after 12 years. 149.6 after 24 years and just under 300 million on 36 years. Your number is correct if it is not compounded. But speaking in monetary terms, money is always compounded.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top