Mayor Small Unveils 2025 Budget with Continued Tax Reduction and Investor Confidence for Atlantic City

April 16, 2025 - Atlantic City, NJ

Continued fiscal responsibility supports residents and builds investor confidence

Atlantic City is charting a new course and delivering real results. This week, Mayor Marty Small Sr. announced the sixth consecutive property tax decrease for Atlantic City residents, cementing a powerful trend of financial responsibility and resident-focused governance.

Unveiled during a news conference at City Hall, the 2025 City of Atlantic City budget includes a 3.4-cent tax rate reduction—a move that not only keeps money in residents’ pockets, but also sends a clear message: this administration is putting people first.

Smart Leadership. Sound Strategy. Real Relief.

Since taking office in 2019, Mayor Small has remained consistent in his mission: to make Atlantic City a place where residents can thrive, where businesses want to grow, and where public dollars are managed with care and transparency.

“The taxpayers of the Great City of Atlantic City have been my number one priority from the moment I took office,” Mayor Small stated during the announcement. “Nothing shows the taxpayers how much we care about them more than by giving money back to them each year.”

Under his leadership, the City has now delivered six consecutive years of tax reductions—a track record that speaks for itself. The 2025 municipal budget totals just over $258 million (excluding grants) and includes the full payoff of the City’s debt service for the year. There are no gimmicks, no unsustainable one-time revenues—just disciplined planning and a long-term vision.

Building Toward a Stronger Future

The City's finance team, which includes Business Administrator Anthony Swan, Chief Financial Officer Toro Aboderin, and representatives from the Department of Community Affairs, has worked collaboratively to shape a budget that addresses immediate needs while also investing in Atlantic City’s long-term prosperity.

As part of the City’s ongoing development strategy, the administration continues to advance transformational projects like the redevelopment of Bader Field, while pursuing a potential credit rating upgrade from Moody’s and Standard & Poor’s—a move that would officially restore Atlantic City to investor-grade status.

These efforts signal that Atlantic City isn’t just getting its financial house in order—it’s creating a solid foundation for growth, investment, and economic stability.

Why It Matters

For residents, this sixth straight tax cut reinforces that Atlantic City is becoming a more affordable place to live and thrive—one where families can feel relief, not burden, during times of inflation and economic challenge.

For local businesses and entrepreneurs, the budget reflects strategic capital investment without sacrificing fiscal health, strengthening the city’s reputation as a place where smart planning and opportunity intersect.

And for investors and developers watching Atlantic City’s resurgence, the message is clear: this is a city with vision, stability, and momentum.

A Place to Live, Work, and Invest

Mayor Small’s consistent investments in infrastructure, public safety, youth programs, and economic development all reflect a leadership style rooted in community impact. With careful budgeting and bold plans for the future, Atlantic City continues to prove that it is not only ready for investment—but deserving of it.