New Jersey

The state-supported deal with Ørsted for a $1.6 billion wind farm off of Atlantic City's Coast is awaiting federal Record of Decision this summer.

Fiscal '24's capital financing program leans on a mix of state and federal debt and over $900 million in bonds.

Continued commitments to meeting long-term liabilities under Gov. Phil Murphy were cited as key in a slew of recent bond rating upgrades for the Garden State.

"The latest upgrade is further recognition of the work we have put into responsible budgeting," said Treasurer Elizabeth Maher Muoio.

The New York Fed said the tech sector's employment contraction impact on the New York City economy was unlikely to be significant.

S&P, Fitch and Moody's have all raised their ratings on the Garden State's general obligation bonds within the last week.

Fitch Ratings raised New Jersey's issuer and general obligation bond ratings just days after Moody's Investors Service upgraded its ratings on the Garden State ahead of next week's s $1.1 billion bond sale by the state Economic Development Authority.

New Jersey received a Moody's Investors Service upgrade to A1, citing the state's approach to pension funding and debt defeasement.

Gov. Phil Murphy wants to let a COVID-era corporate tax surcharge expire. Liberals want to make it permanent; conservatives want to cut it even more.

Republican opponents of the Democratic governor's offshore wind initiatives are using recent dolphin deaths as leverage to push back against the plan.