New Jersey

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

The rating agency highlighted the state government's recent payments to its underfunded state pension system.

Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer, died in June at age 61.

The Northeast's issuers sold $49.69 billion of municipal bonds in the first half of 2022, down more than 18% year-over-year.

New Jersey and Illinois have the lowest state bond ratings. But all three states have been ramping up pension contributions, according to S&P Global Ratings.

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.

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.

Tom Wright, president and CEO of the Regional Plan Association, talks with Chip Barnett about the ongoing Gateway transportation project and its importance to the tri-state region. He also discusses the challenges and opportunities in transit, infrastructure, affordable housing, climate change and ESG. (30 minutes)

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.

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.