atlantic city mayor say tuesday bankruptcy back table new jersey governor chris christie veto legislation consider essential distress gamble hub tax base cash flow state able come fund need within next weeks choice declare bankruptcy mayor guardian say statement seaside city gamble industry face increase competition neighbor u.s. northeastern state lose four 12 casinos 2015. legislation call casinos make fix payments lieu tax would add measure stability city rapidly shrink property tax base lawmakers first pass june nearly five months late christie veto say would consider sign certain change require democratic-led legislature amend measure part package bill pass make yet change pass christie 2016 republican presidential candidate also decline tuesday sign bill package city emergency manager kevin lavin appoint christie year ago say report friday without revenues generate package city cash flow would run dry april legislative leaders propose takeover city reintroduce bill want keep push democratic assemblyman vince mazzeo whose district include atlantic city say statement christie veto show brazen disregard atlantic city fiscal recovery add would move forward measure restore region economic security ask christie veto bill governor office refer comment make saturday campaign iowa think total package make sense sign say accord remark discuss accommodation senate president steve sweeney legislative leaders sweeney democrat originally champion legislation push takeover city operations afford let atlantic city go bankrupt sweeney say statement best way state new jersey take control atlantic city finance best way act quickly mayor say atlantic city may face bankruptcy bill veto