New Jersey

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.

New Jersey has rejected Atlantic City's proposed financial recovery plan, setting the stage for a possible state takeover and raising more doubts about the junk-rated city's ability to service its bond debt.

An Atlantic City default may be imminent if New Jersey rejects the city's five-year rescue plan next week, according to Moody's Investors Service.

The New Jersey Transit Board of Directors approved a new $3.8 billion fiscal plan Wednesday that includes new purchases for equipment and safety infrastructure.

Atlantic City Mayor Donald Guardian said he is optimistic that the city's turnaround efforts will be accepted and a state takeover averted.

Growing disconnects between state and local governments across the U.S. are especially impacting municipalities in the neighboring Northeast states of New Jersey and Pennsylvania, panelists emphasized at the The Bond Buyer’s Mid-Atlantic Municipal Market conference Tuesday.

Atlantic City officials unveiled a five year financial rescue plan Monday night that they hope will be enough to prevent a state takeover.

Princeton University’s settlement to end litigation claiming it should pay property taxes on certain Princeton, N.J. properties is a credit positive for both the school and the local government, according to Moody’s Investors Service.

A master plan approved by Rutgers University last year to expand and upgrade the infrastructure of New Jersey’s flagship public higher education institution by 2030 is already taking shape.

The Transportation Department fast-tracked the Hudson Tunnel replacement portion of the $24 billion Gateway Program.

New Jersey’s 23-cent gas tax hike, and its offsetting tax cuts in other areas, will help the state’s current 2017 operating budget at the expense of raising budgetary pressure for 2018 and beyond, according to S&P Global Ratings.

The New Jersey Transit’s fiscal management and safety infrastructure will be scrutinized at New Jersey Senate hearings in the wake of a Sept. 29 Hoboken, N.J. train crash that killed one woman.

The offsetting tax cuts New Jersey lawmakers accepted to get Gov. Chris Christie to accept a gas tax increase for transportation are credit negative for state finances, according to Moody’s Investors Service.

Though Atlantic City has violated a term in a $73 million state bridge loan, New Jersey’s Local Finance Board won’t require the struggling city to immediately repay the debt.