New Jersey

New Jersey Sen. Frank Lautenberg, who worked on several bills that would have affected the municipal bond market, died on Monday of viral pneumonia.

Moody's Investors Service downgraded Rutgers, The State University of New Jersey, to Aa3 from Aa2.

The Port Authority of New York and New Jersey has dismissed three senior members of its treasury staff.

New Jersey legislative budget and finance officer David Rosen is projecting the state will collect $700.6 million less in the next two fiscal years than the state's executive branch has predicted.

The Rockefeller Foundation selected eight cities to participate in the RE.Invest Initiative, a national effort to support sustainable infrastructure that includes financial advice on P3 options.

New Jersey intends to fund its pension system, an official in the state treasury department said, responding to a newspaper report that a bond document indicated there was no assurance payments would be made in future years.

The Port Authority of New York and New Jersey voted Wednesday to use a public-private partnership to replace the Goethals Bridge between New York and New Jersey.

New Jersey is seeking applications from the state's colleges and universities for $750 million in bonds approved by voters in the Building Our Future Bond Act in November.

The New Jersey Turnpike Authority is selling $1.4 billion in revenue bonds to support a $7 billion capital program.

Standard & Poor's has concerns about the $32.9 billion budget for fiscal 2014 that New Jersey Gov. Chris Christie proposed in late February.

The New Jersey Treasury Department said the state's pension system funding ratio fell to 57%, but it would have been worse if not for the 2011 overhaul bill.

New Jersey's plan to introduce of online gaming is a credit positive for New Jersey state government, Moody's Investors Service said.

New Jersey Governor Chris Christie on Tuesday proposed a 4% increase to the coming fiscal year's budget.

The Internal Revenue Service has reinstated the tax-exempt status of LEAP Academy University Charter School, Inc. as of May 17, 2012, but not during the 18 months before that, thereby jeopardizing the tax-exemption of interest earned on its bonds during that time.

Lamont Financial Services has made Renee Boicourt a partner of the firm.

The Port Authority of New York and New Jersey reports it will have to spend more than $2 billion to repair the damage from storm Sandy.

In the aftermath of being depressed by Hurricane Sandy in November, New Jersey revenues bounced back in December.

The Treasury and IRS have sent two separate letters to Sens. Lautenberg and Nelson regarding concerns over available financing for housing damaged by Hurricane Sandy and tax guidance on political subdivisions that would affect community development districts in Florida.

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

The Port Authority of New York and New Jersey is selling $350 million of bonds subject to the Alternative Minimum Tax Wednesday.