New Jersey

The Port Authority of New York and New Jersey is aggressively going after uncollected toll revenue, filing 14 civil suits on Tuesday against what it calls the most egregious toll violators.

Pennsylvania’s General Assembly has advanced to the Senate a bill requiring an annual financial and management audit of the Delaware River Joint Toll Bridge Commission by auditors in both the Keystone State and New Jersey.

Moody's Investors Service affirmed the A1 rating on the township of Little Egg Harbor's general obligation bonds, affecting $13.4 million of outstanding parity debt obligations.

Moody's Investors Service revised Collingswood's rating direction to uncertain from downgrade review, but maintained its Ba1 junk-bond rating on $28 million of outstanding long-term general obligation debt.

The executive director of the Port Authority of New York and New Jersey said an audit report that upbraided the bistate agency is an effective wakeup call.

Detractors say the Port Authority of New York and New Jersey is too big and secretive, overcharges commuters, carries way too much debt, and shouldn't run point for the World Trade Center redevelopment.

The Englewood Cliffs Board of Adjustment’s approval of plans to build a new LG Electronics headquarters is a credit positive for the New Jersey borough, according to Moody’s Investors Service.

While Gov. Chris Christie trumpeted a New Jersey comeback in his budget message, his proposed $32.1 billion spending plan for fiscal 2013 hinges on revenue projections that still must materialize.

The Port Authority of New York and New Jersey will earmark about half a billion dollars to renovate the 80-year-old George Washington Bridge, using money from toll and fare increases the bi-state agency recently implemented.

Stung by a scathing auditor's report that called the Port Authority of New York and New Jersey dysfunctional, its board of commissioners responded by saying it would not be business as usual at the bi-state agency.

Moody’s Investors Service has downgraded to Baa1 from A3 the New Jersey Casino Reinvestment Development Authority’s $75 million of Series 2004 hotel room fee revenue bonds.

New Jersey's unfunded pension liability will probably worsen because the state does not plan to fully fund its actuarial annual required contributions to pensions until fiscal 2018, Fitch Ratings said Tuesday.

A ruling by a New Jersey tax court that the Red Bull Arena soccer stadium in Harrison is a taxable property is a credit positive for that community, Moody’s Investors Service said.

A federal court in New Jersey has approved a $24.9 million settlement between GE Funding Capital Market Services Inc. and the Securities and Exchange Commission over bid-rigging of municipal bond-related contracts, as well as the amounts of restitution to be distributed to each of the more than 325 state and local issuers that were defrauded.

The New York City metropolitan region stands to lose billion of dollars through delays in infrastructure projects, the new executive director of the Port Authority of New York and New Jersey said Monday.

Gov. Chris Christie signed a bill legalizing sports betting in New Jersey, but the move would take effect only if a federal ban on such gambling is reversed.

The failed EnCap proposal for luxury housing and golf courses on a Bergen County landfill has cost Lyndhurst, N.J., a three-notch downgrade from Moody's Investors Service that affects $53.5 million of long-term debt.

A federal court in New Jersey has approved a $46 million settlement between Wachovia Bank NA, now Wells Fargo Bank NA, and the Securities and Exchange Commission over bid-rigging of municipal-bond related contracts as well as the amounts of restitution that are to go to each of the almost 60 state and local issuers that were defrauded.

The Port Authority of New York and New Jersey's Board of Commissioners has approved a preliminary $7.1 billion combined operating and capital budget for fiscal 2012 amid complaints that the agency overspends on World Trade Center redevelopment at the expense of bridge, road and tunnel improvements.

Moody's Investors Service has downgraded the rating of Turnersville-based Kennedy Memorial Hospital University Medical Center to A3 from A2. The outlook remains stable at the lower level, analysts said.