New Jersey

Measure seeking billions of general obligation bonds without voter approval cleared General Assembly late last week but faces uncertain fate in the State Senate.

The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.

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.

The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.

With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.

Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.

The path to recovery from the coronavirus — medical and economic — remains murky and unclear.

The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.

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.

Congress should direct more COVID-19 relief dollars to higher ridership systems, think tank Regional Plan Association said.

Voters soundly defeated a measure to replace the city's mayor-council system, with its direct mayoral election, with a council-manager government structure.

While their regions, sizes and funding streams vary, several mass transit systems underscored the dire need for additional federal funding.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

Uncertainty surrounding whether colleges and universities can safely open their doors this fall adds stress to the already challenged higher education sector.

Financial damage from the COVID-19 pandemic forced New Jersey Gov. Phil Murphy to retreat from plans to build up the state’s reserves.

Moody's downgrades regional public university two notches to Baa3 ahead of a $52 million revenue refunding bond sale.

S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

The state's tough budget position was underscored by an agreement with noteholders to extend a $750 million maturity while paying them higher interest.

Financial strains from COVID-19 were the primary factor in downgrading the state to A-minus from A. The outlook was revised to negative from stable.