New Jersey

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

The Port Authority of New York and New Jersey approved a preliminary $32 billion 10-year capital plan that advances partial funding for a replacement Manhattan bus terminal.

New Jersey legislation requiring quarterly pension payments starting in the 2018 fiscal year will not likely influence the state’s credit conditions, according to Fitch Ratings.

New Jersey Transit is planning debt refinancing and new borrowing to cover a $12 million budget hole created by revenue losses from falling 2016 ridership.

New Jersey Gov. Chris Christie signed legislation requiring the Garden State to begin quarterly pension payments, in an effort to lift the underfunded system.

There is only a “relatively mild” chance that the massive problems of Atlantic City will contaminate Atlantic County, according to Moody’s Investors Service.

A New Jersey proposal to allow its Transportation Trust Fund to sell bonds directly to its underfunded pension system would worsen credit conditions, according to Municipal Market Analytics.

A new $7.3 billion 2017 spending plan by the Port Authority of New York and New Jersey maintains debt service levels while also investing in major capital projects.

New Jersey lawmakers are pitching a proposal to allow the state’s Transportation Trust Fund to sell bonds directly to its $73 billion pension system.

Newark, N.J., and Essex County have successfully pitched a plan to retire their outstanding debt for a former minor league baseball stadium.