New Jersey

A long-stalled development of vacant Newark, N.J. land could provide a financial jolt to New Jersey’s largest city.

A proposal to expand casino gambling in New Jersey beyond Atlantic City will head to voters after both houses of the state legislature approved a resolution Monday to put the issue on the Nov. 8 ballot.

The U.S. Supreme Court’s Feb. 29 decision to not hear an appeal by New Jersey labor groups challenging Gov. Chris Christie’s authority to cut pension payments is a credit positive for the Garden State since it retains an ability to annually determine contribution levels, according to Moody’s Investors Service.

A bill to give New Jersey increased power over Atlantic City finances advanced in the State Senate.

New Jersey Republican State Sen. Joseph Pennacchio is proposing beefing up pension funding in the state’s 2017 budget.

In a case that could prove pivotal to New Jersey’s future credit rating, the state’s Supreme Court will hear oral arguments on March 14 to determine if annual cost of living adjustments to retirees' pension benefits need to be restored.

With a strike deadline looming, New Jersey Transit and a coalition of 11 railroad labor unions are negotiating to avoid a shutdown of its commuter rail system.

Ongoing budget woes in Paterson, N.J. that led to a one-day government shutdown on March 1 are a credit negative for New Jersey’s third largest city, according to Moody’s Investors Service.

New Jersey is experiencing a deterioration of its credit quality with spreads widening in state-issued debt, according to Janney Capital Markets.

New Jersey Gov. Chris Christie's veto of scheduled contributions to the state's pension fund won't be heard by the U.S. Supreme Court, providing short-term budget relief but leaving the state's pensions underfunded.