New JerseySenator Vince Polistina (R-Atlantic) announced Thursday that he is working with the Office of Legislative Services to draft legislation renewing the Municipal Stabilization and Recovery Act, which grants the New Jersey Department of Community Affairs authority over the City of Atlantic City, for an additional 10 years.
In a statement, Polistina emphasized that the MSRA has been instrumental in allowing the state to play a vital role in Atlantic City’s day-to-day operations and in providing essential oversight and guidance to the local government.
“With increased gaming competition from New York City and the ongoing desire by North Jersey legislators for gaming in North Jersey, it’s more important than ever that the state and city continue working together for the benefit of all residents,” Polistina said.
Earlier this week, Polistina also introduced two bills aimed at helping the Casino Reinvestment Development Authority retain a greater share of revenue generated by Atlantic City casinos. The legislation would enable the CRDA to reinvest those funds into redevelopment projects and continue supporting both gaming and non-gaming businesses throughout the city.
“There are many pieces of legislation that are critical to the future success of Atlantic City,” Polistina said. “Restoring funding to CRDA, extending the MSRA, and restructuring and extending the Casino PILOT (Payment in Lieu of Taxes) program, we will give the city every opportunity to thrive into 2026 and beyond.”
Originally enacted in 2016 and renewed in 2021, the MSRA is currently set to expire in December.
