The city has been facing issues due to its large public pension plans and funding.

According to NJ.com, the city's mayor Don Guardian said that the city will shut down any non-essential city services starting Friday if a plan is not reached.

New Jersey Governor Chris Christie and Mayor Guardian have been presenting differing plans on how to address the debt issue. Guardian's plan would delay payment to unionized city workers, switching to a once-a-month payment plan. The plan is being put to a vote by the unions on Wednesday.

In Christie's opinion this is only a temporary fix, and more must be done. He has suggested that the state take over some of the city's operations, including handling debt and union contracts.

In addition, Christie's office filed a lawsuit Monday to compel the city to continue making payments to the city's school system according to the Press of Atlantic City.