New Jersey

The bulk of the first tranches of the $15 billion of IIJA funds will likely be used to figure out where lead lines are located, so states and water systems can determine the scope of the problem.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

Last year the university's investment portfolio grew by 47%, a factor contributing to the university's triple-A ratings.

The nomination to the bistate agency comes as the long-stalled project could see its first infusion of federal funds.

Most state departments and authorities would be required to offer a telework program of up to two days a week for one year starting July 1.

The upgrade to A-minus from BBB-plus "reflects what we view as material improvement in the state's structural deficit and near-term liquidity," S&P said.

The first tranche of federal dollars are seen as a down payment on what's billed as the most urgent infrastructure project in the U.S.

Gov. Phil Murphy proposes to make an additional $1.3 billion deposit into the state’s Debt Defeasance and Prevention Fund.

Moody's said the upgrade reflects continuing strong revenue and liquidity trends, completion of a debt-reduction program and increased pension contributions.

Credit strengths include strong market position and service area economic fundamentals and an expected continued strong finance performance.

Bonds defeased include state GOs and securities from the New Jersey Building Authority and the Economic Development Authority.

Moody’s also assigned an A1 to the authority's $950 million of forward delivery refunding bonds.

The agency cited “the appropriation of the full actuarial pension contribution in fiscal 2022 for the first time in 26 years" coupled with improved reserves.

The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

Gov. Phil Murphy’s narrow re-election win and Senate President Steve Sweeney’s stunning loss to an unknown resonate well beyond the Garden State.

New York, New Jersey and Connecticut finally come to terms on splitting up emergency funding.

New York City got a new mayor, comptroller and City Council while Boston and Pittsburgh elected mayors. In New Jersey, final results in the gubernatorial election were still too close to call.

Its deep water and access to dollars position it well, a climate expert said.