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morongo casino day pabGiven the frequently razor-thin margins of error in distressed municipal budgets, a suspension can lead to the need for draconian cost-cutting or large tax increases,” the Moody’s note said.The classification is in the speculative grade, and judged as a high credit risk.The revitalization of Atlantic City is being endangered by the lack of state relief.The classification is in the speculative grade, and judged as a high credit risk.Given the frequently razor-thin margins of error in distressed municipal budgets, a suspension can lead to the need for draconian cost-cutting or large tax increases,” the Moody’s note said.The largest component is that of transitional aid – money that towns can apply for that adequately demonstrate the need for temporary financial relief from the state.ruby magic slots