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New Jersey legislative leaders and Gov. Chris Christie have reached agreement on a compromise gas tax hike plan to keep the states Transportation Trust Fund afloat that would be offset by a sales tax cut.
June 28 - New Jersey
New Jersey revenues tumbled 7.3% in May compared to the year before.
June 20 -
New Jersey bonds could see spread tightening after a state Supreme Court decision upholding the 2011 suspension of cost of living adjustments to retiree pension benefits, but any boost will likely be short-lived, according to Municipal Market Analytics.
June 15 -
A bipartisan coalition of New Jersey lawmakers are pushing a $20 billion 10-year Transportation Trust Fund plan that faces skepticism from Gov. Chris Christie.
June 14 -
Atlantic City has hired McManimon Scotland & Baumann as bond counsel in an effort to avoid a state takeover.
June 13 -
Atlantic City's junk-rated Municipal Utilities Authority could play a key role in deciding the distressed city's financial fate.
June 10 -
The New Jersey Supreme Court upheld Gov. Chris Christies 2011 suspension of cost of living adjustments for retirees pension benefits in a ruling that keeps the state's pension funding position from getting even worse.
June 9 -
A new state rescue plan fails to address Atlantic Citys long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.
June 7 -
New Jersey voter approval of gaming expansion could lead to as many as four casino closures in Atlantic City, but the proposed referendum faces an uphill battle, according to Fitch Ratings.
June 2 -
The Atlantic City rescue package New Jersey Gov. Chris Christie signed before the Memorial Day weekend is a credit positive for the cash-strapped gambling hub, according to Moodys Investors Service.
May 31