If we learned anything about Emergency Management in a major urban city here in Michigan (i.e., Detroit), it’s that it’s very expensive and some companies make a windfall, all paid for with our tax dollars. Now Atlantic City, NJ, which is under emergency management like Detroit was, is getting a taste.
Since Gov. Chris Christie appointed Emergency Manager Kevin Lavin in January, they have spent $1.7 million and they aren’t done yet. $1.25 million was paid to the audit firm Ernst & Young alone just “to develop a long-term recovery strategy” according to exclusive reporting by Reuters: