New Jersey

New Jersey Gov. Phil Murphy pitched a revised $32.4 billion nine-month 2021 fiscal year budget that hinges on billions of borrowing and newly enacted taxes to confront a coronavirus-induced revenue gap.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

Vastly improved fund balance levels in New Jersey's largest city leading into the COVID-19 pandemic have helped weather financial headwinds posed by the health crisis.

The state's highest court unanimously ruled that a law Gov. Phil Murphy spearheaded to authorize up to $9.9 billion of bonds is constitutional.

Federal assistance in the next relief package is crucial for the largest statewide public transportation system’s financial health in 2021, the senator said.

Republican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses argued before the state’s highest court Wednesday the state’s constitution and past legal precedent should prevent the plan from proceeding.

The Democratic governor has requested changes to a municipal bonding bill that would have empowered local governments to borrow for offsetting revenue losses from the COVID-19 pandemic.

Gov. Murphy and the legislature have "disagreements with aspects of the bill."

Bi-state transportation agency seeks $3 billion of federal assistance to avoid capital plan cuts.

The New Jersey megamall owners' missed mortgage payments for another property compound investor concerns.