New Jersey

A new state rescue plan fails to address Atlantic City’s long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.

New Jersey voter approval of gaming expansion could lead to as many as four casino closures in Atlantic City, but the proposed referendum faces an uphill battle, according to Fitch Ratings.

The Atlantic City rescue package New Jersey Gov. Chris Christie signed before the Memorial Day weekend is a credit positive for the cash-strapped gambling hub, according to Moody’s Investors Service.

New Jersey would generate millions in annual new sales tax revenue if the state legalized marijuana, according to a report by New Jersey Policy Perspective and New Jersey United for Marijuana Reform.

The New Jersey Senate and Assembly passed a compromise rescue package that allows Atlantic City to avoid an immediate default by providing a bridge loan.

Atlantic City would avoid an immediate default and get more time to avert a state takeover under compromise legislation moving forward in the New Jersey legislature.

It's time to cut the paperwork and expedite the planned Gateway Tunnel between New Jersey and Manhattan, argues a critic of the permitting process.

New Jersey is facing a possible $1.1 billion revenue shortfall for the current and next fiscal year following weaker than expected income tax collections in April, according to the state Legislature’s nonpartisan budget office.

New Jersey Gov. Chris Christie said he would rather Atlantic City file for bankruptcy than send more money to the gambling hub, and will let the city file if lawmakers don’t approve the rescue bill he supports.

New Jersey Senate President Steve Sweeney, D-Gloucester, said Wednesday state intervention is the only solution to solve Atlantic City’s fiscal crisis as a result of the city’s failure to confront its financial mismanagement.