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Puerto Rico Electric Power Authority bonds were slashed to D Thursday by Fitch Ratings in the wake of the utility’s bankruptcy filing.
By Andrew Coen-July 6 -
Maine Gov. Paul LePage signed a new budget early Tuesday, ending the state’s first government shutdown in 25 years.
By Andrew Coen-July 5 -
Assured Guaranty lashed out Wednesday at a federal oversight board decision allowing the Puerto Rico Electric Power Authority to proceed with Title III bankruptcy filing.
By Andrew Coen-July 5 -
New Jersey lawmakers forged a budget deal in the early hours of the Fourth of July that paved the way for a new law boosting the state’s underfunded pension system with lottery revenues.
By Andrew Coen-July 5 -
PREPA officials said they don't expect the filing to affect owed payments or electric supply.
By Andrew Coen-July 3 -
New Jersey government is in shutdown mode for the first time in 11 years after Gov. Chris Christie and state lawmakers failed to reach agreements on a new budget before the close of the 2017 fiscal year Friday night.
By Andrew Coen-July 3 -
New Jersey Gov. Chris Christie is preparing for a government shutdown amid a budget impasse with lawmakers.
By Andrew Coen-June 30 -
Maine lawmakers are trying to approve a new two-year state budget before the fiscal year begins.
By Andrew Coen-June 28 -
New Jersey lawmakers advanced Gov. Chris Christie’s proposed transfer of lottery revenues to boost state pensions.
By Andrew Coen-June 27 -
New York municipalities may see a lapse in tax collections absent new legislation, according to Fitch Ratings.
By Andrew Coen-June 26 -
Rutgers University's outlook was revised to stable from negative by Moody’s Investors Service.
By Andrew Coen-June 23 -
A new study could plant the seeds for rail transit across the Bayonne Bridge, though it would require cooperation between the New York region's two major transportation agencies.
By Andrew Coen-June 23 -
Long-awaited American Dream bonds priced Wednesday morning paving the way for completion of a New Jersey megamall 15 years after the project was conceived.
By Andrew Coen-June 21 -
New York State tax revenue is below projections in the new fiscal year after a sluggish May.
By Andrew Coen-June 20 -
Illinois’ credit distress makes some investors wonder about New Jersey, according to Citi analysts who see Garden State opportunity.
By Andrew Coen-June 19 -
New Jersey's treasurer told lawmakers a proposal to boost the state’s underfunded pension system through lottery revenue would not negatively impact future budgets.
By Andrew Coen-June 16 -
Philadelphia is maintaining the long-term revenue projections from its new sugary beverage tax despite an early shortfall.
By Andrew Coen-June 15 -
The New Jersey proposal to use lottery revenue to boost its pension system is not viable, according to Municipal Market Analytics.
By Andrew Coen-June 14 -
A $1.1 billion tax-exempt revenue bond deal for New Jersey's American Dream retail/entertainment complex did not price as scheduled.
By Andrew Coen-June 14 -
Weak reserve levels led S&P Global Ratings to downgrade Suffolk County, N.Y.
By Andrew Coen-June 13















