New Jersey

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.

New Jersey Transit is planning debt refinancing and new borrowing to cover a $12 million budget hole created by revenue losses from falling 2016 ridership.

New Jersey Gov. Chris Christie signed legislation requiring the Garden State to begin quarterly pension payments, in an effort to lift the underfunded system.

There is only a “relatively mild” chance that the massive problems of Atlantic City will contaminate Atlantic County, according to Moody’s Investors Service.

A New Jersey proposal to allow its Transportation Trust Fund to sell bonds directly to its underfunded pension system would worsen credit conditions, according to Municipal Market Analytics.

A new $7.3 billion 2017 spending plan by the Port Authority of New York and New Jersey maintains debt service levels while also investing in major capital projects.

New Jersey lawmakers are pitching a proposal to allow the state’s Transportation Trust Fund to sell bonds directly to its $73 billion pension system.

Newark, N.J., and Essex County have successfully pitched a plan to retire their outstanding debt for a former minor league baseball stadium.

New Jersey Gov. Chris Christie announced a $300 million renovation of the state capital building that his administration plans to fund through bonding.

New Jersey’s state takeover of Atlantic City finances is a credit positive for the distressed gambling hub since it will likely eliminate any threat of a default through 2017, according to Moody’s Investors Service.

New Jersey Gov. Chris Christie has restored a four-decade old tax agreement with neighboring Pennsylvania that was set to end Jan. 1.

The New Jersey legislature approved a bill Monday that if signed by Gov. Chris Christie would mandate a boost to the state’s underfunded pension system.

Jeffrey Chiesa, a former U.S. senator, New Jersey attorney general and aide to Gov. Chris Christie, will lead the state's takeover of Atlantic City’s finances.

New Jersey’s bond rating was downgraded one notch to A-minus by S&P Global Ratings

A referendum New Jersey voters approved Tuesday that dedicates all gas tax revenue to transportation projects marks the final step in a credit negative tax package adopted in October, according to Moody's Investors Service.

New Jersey's Local Finance Board approved a state takeover of Atlantic City's finances.

A new funding agreement for New Jersey’s Transportation Trust Fund has reignited the long-sought extension of a light rail project linking Hudson and Bergen counties.

Atlantic City officials are gearing up to fight a possible state takeover after New Jersey rejected the city’s five-year fiscal recovery plan.