New Jersey

Atlantic City is planning to issue $72 million in bonds to pay for its tax settlement with the Borgata casino.

A court ruling momentarily halting New Jersey from cutting Atlantic City’s firefighter workforce as part of its state takeover is a credit negative for the cash-strapped city, according to Moody’s Investors Service.

Atlantic City's tax settlement with the Borgata Hotel should help the distressed city move forward to deal with its other fiscal challenges, analysts said.

New Jersey lawmakers have waged battle over a proposed bill that would require the state to reimburse municipalities that defy President Trump’s ban on “sanctuary cities.”

A recent New Jersey Supreme Court decision rejecting a school funding freeze proposed by Gov. Chris Christie for 31 mostly low-income districts is a credit positive for the impacted localities, according to Moody’s Investors Service.

The first legal action challenging New Jersey’s takeover of Atlantic City finances will be decided at the local level after a federal judge sent the case back to Atlantic County Superior Court.

Municipal bond issuers in the Northeast sold $116.4 billion of debt in 2016, according to Thomson Reuters data, a 13% increase that echoed a national trend.

The owner of the former Trump Taj Mahal casino in Atlantic City is looking to sell the shuttered facility in response to a failed attempt by New Jersey lawmakers to strip him of his casino license.

The state takeover of Atlantic City finances will be tested in court after a New Jersey judge temporarily blocked the state’s effort to cut 100 Atlantic City firefighter jobs.

The Delaware River Joint Toll Bridge Commission has approved a $475 million bond issuance for a planned replacement of the 57-year old Scudder Falls Bridge that links New Jersey and Pennsylvania.

New Jersey healthcare providers are starring at escalating costs if the Affordable Care Act is repealed, according to the New Jersey Hospital Association.

Caren Franzini, who led one of New Jersey’s largest municipal bond issuers for nearly two decades, died Wednesday after a battle with breast cancer. She was 57.

The Port of Authority of New York and New Jersey should cease to own or operate transportation infrastructure, substituting ownership with private concession agreements, said a report.

A repeal of the Affordable Care Act would hamper New Jersey finances, according to state lawmakers fighting to save the landmark national healthcare program.

New Jersey's Department of Community Affairs hired Atlantic City business administrator Jason Holt to assist in its state takeover of the distressed city.

The Delaware River and Bay Authority has tapped a former Delaware finance chief to lead the bi-state transportation agency.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

The Port Authority of New York and New Jersey approved a preliminary $32 billion 10-year capital plan that advances partial funding for a replacement Manhattan bus terminal.

New Jersey legislation requiring quarterly pension payments starting in the 2018 fiscal year will not likely influence the state’s credit conditions, according to Fitch Ratings.