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New Jersey Transit’s capital funding needs could get a boost from GOs if state lawmakers green light a proposal authorizing in new debt for the state.
June 10
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Measure seeking billions of general obligation bonds without voter approval cleared General Assembly late last week but faces uncertain fate in the State Senate.
June 8
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The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.
June 3
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Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.
May 29
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The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.
May 28
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With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.
May 26
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Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.
May 22
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The path to recovery from the coronavirus — medical and economic — remains murky and unclear.
May 21
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The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.
May 20
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The Garden State may be facing a more than $10 billion shortfall through the end of next fiscal year, according to Treasurer Elizabeth Maher Muoio.
May 14
