Thomas Nocera joined The Bond Buyer in 2022 to cover the Northeast region. He began his career in local journalism, covering crime, politics, business, and the culture of New York City's most populous borough, Brooklyn. During the pandemic, Thomas covered the national healthcare industry for the Guardian News and later worked with the GroundTruth Foundation to report on protest movements in New York in addition to the state of a federally managed refugee resettlement program struggling in the wake of the U.S. withdrawal from Afghanistan. Thomas received a masters degree from Columbia University's Graduate School of Journalism and is a former fellow of the Overseas Press Club Foundation.
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S&P Global Ratings, who revised the state's GO bond outlook from negative to stable last week.
August 29 -
Local residents filed a bond validation challenge to a $15 billion PILOT offering designed to let electric truck maker Rivian avoid paying property taxes.
August 24 -
The rating agency highlighted the state government's recent payments to its underfunded state pension system.
August 19 -
The New Jersey mall and entertainment venue continues to struggle with its debt service requirements.
August 19 -
Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.
August 17 -
Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer, died in June at age 61.
August 16 -
Massachusetts had temporarily delayed the $2.7 billion sale as state lawmakers debated additional funding for the state's unemployment trust fund.
August 11 -
The latest revenue numbers come ahead of a governor's race that rematches incumbent Brian Kemp against Democrat Stacey Abrams, whom he narrowly beat in 2018.
August 10 -
Political infighting ahead of November's local elections have left the finances of the state's capital in disarray and show no signs of abatement.
August 5 -
The deal is the latest in a series of credit offerings the city is using to incentivize and grow the local charter school industry for the future.
July 29 -
As passengers return and revenues climb toward pre-pandemic norms, the Port Authority of New York and New Jersey has billions of capital construction on tap at the region's largest airports.
July 22 -
The New Jersey mall, the nation's second largest, faces an interest payment on Aug. 1 after drawing down a debt service reserve for a payment earlier this year.
July 18 -
Massachusetts delayed the sale of $2.7 billion of taxable special obligation revenue bonds as state lawmakers consider a bill for their unemployment trust fund.
July 15 -
Proceeds of the taxable business-tax backed special obligation revenue bonds will pay down federal debt the state accrued during the COVID-19 pandemic for unemployment insurance costs.
July 8 -
The new credit received a triple-A from Fitch Ratings and a AA+ from S&P Global.
July 6 -
S&P Global Ratings says that without funding reform, New Jersey's pension system may continue to negatively impact the state's credit outlook for decades.
July 1 -
Gov. Phil Murphy signed off on the $50.6 billion spending package on Thursday, amid growing concerns of economic slowdown.
June 30 -
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Municipal governments have become a target for online criminals. Experts warn their neglect of cybersecurity puts finances, services and vital records at risk.
June 24 -
The mall's developer was late paying funds used to support $800 million of municipal bonds, requiring a draw on reserves to make an interest payment.
June 17
