New Jersey

Toms River's reluctance to pass a budget could further damage the school's rating, S&P said.

S&P Global Ratings cut the Toms River Regional School District to A-minus from A, ending a negative CreditWatch but assigning a negative outlook.

The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.

The mega-mall's investors will receive their second payment since the reserve fund ran dry in 2022.

Citing a "meaningful improvement in the state's balance sheet," S&P Global Ratings Monday upgraded New Jersey to A-plus from A.

Six years after opening, the mall has higher sales, more attractions, and a lower property value assessment.

New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.

A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes. 

As it fights with the state over funding, the board of the Toms River Regional School District refused to raise taxes and threatened a bankruptcy filing.

The Metropolitan Transportation Authority's congestion pricing tolls not only reduced traffic congestion in Manhattan, but also in New Jersey, a report says.